BFA - Angola Weekly

Dear subscriber [name],

Here is this last week’s Angola Weekly.

Highlights:

The monetary policy committee (MPC), which met on the 20th and 21st of November, in Luanda, decided to increase the main interest rates: the basic interest rate rose to 18%, +100 basis points (bps), the permanent liquidity lending facility to 18.5% (+100 bps) and the permanent liquidity absorption facility to 17.5% (+400 bps).
In the month of October, gross credit to the non-financial sector stood at close to AOA 5.98 billion, which corresponds to an increase of around 19%, (+ AOA 954.82 Bn).
Angola has agreed financing in the amount of EUR 216 million with Deutsche Bank, for the rehabilitation of national road 250.

Best regards,
BFA

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