- Angola resumes monetary easing after inflation slows sharply
- Oil windfall boosts reserves despite rising fuel import costs
LUANDA, ANGOLA – Angola’s central bank cut interest rates again this month, signalling growing confidence that inflation is easing even as Middle East tensions reshape the oil producer’s economic recovery.
The Banco Nacional de Angola (BNA) lowered its benchmark rate by 50 basis points to 17% at its 129th Monetary Policy Committee meeting on May 14, resuming an easing cycle briefly paused in March over global geopolitical risks.
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