{"id":40405,"date":"2013-07-29T13:55:58","date_gmt":"2013-07-29T17:55:58","guid":{"rendered":"http:\/\/countingpips.com\/forex-news\/?p=40405"},"modified":"2013-07-29T13:55:58","modified_gmt":"2013-07-29T17:55:58","slug":"angola-holds-rate-lower-inflation-rising-credit-stable-fx","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex-news\/2013\/07\/29\/angola-holds-rate-lower-inflation-rising-credit-stable-fx\/","title":{"rendered":"Angola holds rate, lower inflation, rising credit, stable FX"},"content":{"rendered":"<p>By <a href=\"http:\/\/www.centralbanknews.info\/\"><u>www.CentralBankNews.info<\/u><\/a> &nbsp; &nbsp; Angola&#8217;s central bank held its main policy rate steady at 10.0 percent, citing a decline in inflation, rising credit to the economy, lower market interest rates and a stable exchange rate.<br \/>&nbsp; &nbsp; The National Bank of Angola (BNA), which last cut its rate by 25 basis points in January, said the monthly inflation rate in June was 0.63 percent, down from May&#8217;s 0.87 percent, for an annual rate of 9.19 percent compared with 9.25 percent.<br \/>&nbsp; &nbsp; Credit extended to the economy rose by 1.20 percent in June, reaching an outstanding stock of 2.752 billion kwanza, with an average interest rate on credit extended 181 days to 1 year of 12.17 percent for individuals and 14.41 percent for corporates, &#8220;maintaining the downward trend in interest rates.&#8221;<br \/>&nbsp; &nbsp; The average reference exchange rate for the kwanza was 96.326 to the U.S. dollar at the end of June, compared with 96.045 at the end of April, &#8220;maintaining stability in the foreign exchange market.&#8221;<br \/>&nbsp; &nbsp; During June the BNA sold $1.6525 billion worth of foreign exchange to the market for a total of $9.6345 billion in the first six month.<br \/>&nbsp; &nbsp; While the BNA held its main rates steady, it added that its rediscount operations would be indexed to the interest rate of the marginal lending liquidity.<\/p>\n<p>&nbsp; &nbsp; <a href=\"http:\/\/www.centralbanknews.info\/\">www.CentralBankNews.info<\/a><br \/>&nbsp; &nbsp;<br \/>&nbsp; &nbsp; <\/p>\n","protected":false},"excerpt":{"rendered":"<p>By www.CentralBankNews.info &nbsp; &nbsp; Angola&#8217;s central bank held its main policy rate steady at 10.0 percent, citing a decline in inflation, rising credit to the economy, lower market interest rates and a stable exchange rate.&nbsp; &nbsp; The National Bank of Angola (BNA), which last cut its rate by 25 basis points in January, said the &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/forex-news\/2013\/07\/29\/angola-holds-rate-lower-inflation-rising-credit-stable-fx\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Angola holds rate, lower inflation, rising credit, stable FX&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-40405","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts\/40405","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/comments?post=40405"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts\/40405\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/media?parent=40405"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/categories?post=40405"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/tags?post=40405"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}