Dear subscriber [name],
Here is this last week’s Angola Weekly.
Highlights:
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The Monetary Policy Committee (CPM), which met on the 18th and 19th of July, at Cuando Cubango, decided to keep the main interest rates unchanged: Basic Interest Rate at 19.5%, the Marginal Lending Facility and Deposit Facility at 20.5% and 18.5%, respectively.
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The money supply continues to grow significantly despite the restrictive monetary policy environment.
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From the beginning of the year until mid-July, the National Treasury made around USD 1.4B available on the foreign exchange market.
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The Brent oil barrel ended the week trading close to USD 82.6 – a decrease of USD 2.4 compared to the end of the previous week.
Best regards,
BFA
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