{"id":62608,"date":"2014-10-27T15:00:07","date_gmt":"2014-10-27T19:00:07","guid":{"rendered":"http:\/\/countingpips.com\/?p=62608"},"modified":"2014-10-27T15:43:31","modified_gmt":"2014-10-27T19:43:31","slug":"angola-raises-rate-25-bps-as-inflation-credit-rises","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2014\/10\/angola-raises-rate-25-bps-as-inflation-credit-rises\/","title":{"rendered":"Angola raises rate 25 bps as inflation, credit rises"},"content":{"rendered":"
October 27, 2014<\/div>
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By CentralBankNews.info<\/u><\/a>
\n    Angola’s central bank raised its Basic Interest Rate (BNA) by 25 basis points to 9.0 percent but maintained its standing lending and absorption facility rates as inflation and credit increased.
    The National Bank of Angola (BNA) cut its rate by 50 basis points in July for a net reduction this this year of 25 points.
    In September Angola’s inflation rate rose to 7.19 percent from 7.05 percent in August while credit to the economy rose by an annual 14.11 percent to 3.213 billion kwanza.
    Earlier this month the central bank said the country’s economy should grow by an annual average of 5 percent over the next four years, boosted by the increasing participation of the private sector.
    The International Monetary Fund also said this month that Angola’s growth was likely to slow to 3.9 percent this year from an estimated 6.8 percent in 2013 with improved agricultural production offsetting a drop in oil output.<\/p>\n

    The BNA issued the following statement:
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“<\/span>I. EVOLUTION OF MONETARY AND FINANCIAL NATIONAL ECONOMY<\/b><\/p>\n