Angola Leaves Monetary Policy Unchanged

At its April 28th, 2014 meeting, Angola’s central bank left the benchmark interest rate on hold at 9.25 percent. The liquidity absorption and the standing lending facility rate where also left unchanged at 1.5 percent and 10 percent, respectively, following last meeting’s move.

Last month, the central bank rose the liquidity absorption rate for the second straight meeting and cut the standing lending facility, aiming to reduce the interest rates charged on credit to the economy.

In March, the LUIBOR Overnight was recorded at 3.31 percent, lower than 3.57 percent in February, while maturities of 3 and 12 months were 7.47 percent and 9.49 percent, respectively.

The average exchange rate remained stable at 97.61 kwanzas to the US dollar.

Angola Leaves Monetary Policy Unchanged

Joana Taborda |
4/29/2014 2:32:27 PM