Central Banks
Angola Surprises With Rate Hold as It Sees Inflation Cooling
- Central bank leaves benchmark interest rate at 19.5%
- Expects improved supply of consumer goods to ease inflation
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Angola’s central bank surprised financial markets by leaving borrowing costs unchanged on expectations that inflation will start to ease from August.
The monetary policy committee kept the key rate at 19.5%, Governor Manuel Tiago Dias said. The median estimate of four economists in a Bloomberg survey was for 75 basis-point increase, with all of them expecting it to hike.