Angola Faces Inflation Hike and Interest Rate Adjustments

Oxford Economics projects Angola’s inflation to increase, reaching 18% by the end of this year and 20.3% in early 2024. To address this, the National Bank of Angola is expected to raise interest rates by 200 basis points. Since May, the kwanza’s significant devaluation has contributed to higher food and transportation costs, exacerbating the inflationary […]

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