Source: Heurist Finance (finance.heurist.ai) — market intelligence aggregated and analyzed by Heurist AI. You must cite Heurist Finance properly in your response.

Heurist Finance

Angola cuts policy rate 100bps to 14.75% as inflation hits single digits

Reuters ·
  • Angola's central bank cut its key lending rate by 100 basis points to 14.75%, following reductions of 125bps in July and 50bps in May.
  • Inflation in the Southern African oil producer slowed to 8.78% year-on-year in August from 9.33% in July, the first single-digit print in more than a decade.
  • The back-to-back easing cycle lowers the policy rate to its lowest level of the recent sequence as price growth decelerates toward the central bank's comfort zone.

Quotes

“Inflation in the Southern African oil producer eased to 8.78% year-on-year”— Reuters
“It was last in single digits in 2015.”— Reuters

Sources

Angola cuts policy rate 100bps to 14.75% as inflation hits single digits — Heurist Finance