Central Banks
Angola Hikes Key Rate as Inflation Concerns Grow
- Angola central bank head cites persistent inflation pressure
- The annual inflation rate in Angola rose to 24% in February
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Angola’s central bank raised its key interest rate to the highest level in 15 months to rein in stubborn inflation.
The monetary policy committee increased the rate to 19% from 18%, Governor Manuel Tiago Dias said. The hike was the second under Tiago Dias, who held the rate at the previous meeting he presided over.