Angola’s central bank has decided to keep the main lending rate steady at 19.50% for five consecutive meetings. Inflation in the country has slightly decreased to 25.26% year-on-year as of February.

The central bank of Angola announced its decision on Tuesday to maintain the main lending rate at 19.50%. This marks the fifth consecutive meeting where the Bank of Angola has opted for no change in the rate. Additionally, inflation in Angola, a prominent oil-producing nation in Africa, slightly decreased to 25.26% year-on-year in February, down from 26.48% in January.

In summary, the Bank of Angola has decided to uphold the main lending rate at 19.50% for the fifth consecutive time while experiencing a marginal reduction in inflation rates, indicating a slowing inflation trend in the country.

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