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Angola cuts rates as inflation eases, oil risks loom

Luanda, Angola Photo @ Unsplash
Luanda, Angola Photo @ Unsplash
  • Angola’s central bank lowers benchmark rate to 19% after 14 months of holding
  • Inflation slows to 18.88%, but oil price risks cloud outlook

 

LUANDA, ANGOLA – Angola’s central bank cut its benchmark interest rate, easing monetary policy for the first time in more than a year as inflation slowed, even as weaker oil prices threaten to pressure the country’s fragile economy.

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