{"id":44576,"date":"2013-11-25T21:13:47","date_gmt":"2013-11-26T02:13:47","guid":{"rendered":"http:\/\/countingpips.com\/forex-news\/?p=44576"},"modified":"2013-11-25T21:13:47","modified_gmt":"2013-11-26T02:13:47","slug":"angola-cuts-rate-50-bps-as-inflation-expected-to-fall-further","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex-news\/2013\/11\/25\/angola-cuts-rate-50-bps-as-inflation-expected-to-fall-further\/","title":{"rendered":"Angola cuts rate 50 bps as inflation expected to fall further"},"content":{"rendered":"<p>By <a href=\"http:\/\/www.centralbanknews.info\/\"><u>CentralBankNews.info<\/u><\/a><br \/>\n<span style=\"color: #3a2d1c;font-family: 'Trebuchet MS';font-size: 10.909090995788574px\">&nbsp; &nbsp; <\/span><span style=\"color: #3a2d1c;font-family: inherit\">Angola&#8217;s central bank cut its policy rate by 50 basis points to 9.25 percent in light of the decline in&nbsp;<\/span><span style=\"color: #3a2d1c\">inflation<\/span><span style=\"color: #3a2d1c;font-family: inherit\">&nbsp;in recent years and the prospect of a continuation of this trend.<\/span><br \/><span style=\"color: #3a2d1c\"><span style=\"font-family: inherit\">&nbsp; &nbsp; The National Bank of Angola (BNA) has now cut its rate three times this year for a total of 100 basis&nbsp;<\/span>points<span style=\"font-family: inherit\">. &nbsp;<\/span><\/span><br \/><span style=\"color: #3a2d1c\"><span style=\"font-family: inherit\">&nbsp; &nbsp;Angola&#8217;s inflation rate fell to 8.38 percent in October from 8.93&nbsp;<\/span>percent the previous month, hitting one of the lowest levels since inflation data has been compiled, the BNA said.<\/span><br \/><span style=\"color: #3a2d1c\">&nbsp; &nbsp;&nbsp;<\/span><span style=\"color: #3a2d1c\">The BNA&#8217;s goal for many years was to get inflation below 10&nbsp;percent and this was achieved in August 2012 and inflation has continued to decline slowly since then.<\/span><br \/><span style=\"color: #3a2d1c\">&nbsp; &nbsp; Interest rates on loans issued in the kwanza currency also continued to fall in October, the bank said, with the rate fall to 13.79&nbsp;percent from 14.09 percent.<\/span><br \/><span style=\"color: #3a2d1c\">&nbsp; &nbsp; The average exchange rate of Angola&#8217;s kwanza was 97.27 to the U.S. dollar at the end of October, an appreciation of 0.38 percent compared to the end of September.<\/span><br \/><span style=\"color: #3a2d1c\"><br \/><\/span><span style=\"color: #3a2d1c\">&nbsp; &nbsp; <a href=\"http:\/\/www.centralbanknews.info\/\">www.CentralBankNews.info<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>By CentralBankNews.info &nbsp; &nbsp; Angola&#8217;s central bank cut its policy rate by 50 basis points to 9.25 percent in light of the decline in&nbsp;inflation&nbsp;in recent years and the prospect of a continuation of this trend.&nbsp; &nbsp; The National Bank of Angola (BNA) has now cut its rate three times this year for a total of &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/forex-news\/2013\/11\/25\/angola-cuts-rate-50-bps-as-inflation-expected-to-fall-further\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Angola cuts rate 50 bps as inflation expected to fall further&#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-44576","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts\/44576","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=44576"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts\/44576\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/media?parent=44576"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/categories?post=44576"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/tags?post=44576"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}