Angola postpones policy decision to Sept. 30
The Bank of Angola (BOA), which raised its rate in July for the first time since November 2017, said on its website the 100th session of its monetary policy committee would conclude on Sept. 30 so final deliberations and communication to the public, including the usual press conference, would take place on that date.
The central bank said the committee meeting was starting to update the bank’s operational framework.
BOA raised its policy interest rate by 450 basis points to 20.0 percent in July in response to faster-than-expected inflation, the bank’s third tightening of its monetary policy stance this year.
The rate hike came as a surprise because the monetary policy committee brought forward its meeting scheduled for July 29 by four weeks to July 2 following the release of inflation data that showed higher-than-expected inflationary pressures.
However, he also said the bank would consider changing borrowing costs if there is a significant change in the trajectory of inflation.
Source: http://www.centralbanknews.info/2021/09/angola-postpones-policy-decision-to.html
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