Inflation could exceed 20% at the end of the year if the kwanza does not recover and more restrictive monetary policy is not adopted, analysts at Banco de Fomento Angola (BFA) estimate.
In a note sent to clients, to which Lusa had access, the BFA’s economic research department stressed that the rise in prices in August was due to more than just seasonal factors, pointing to fluctuations in food prices and predicting that the trajectory of monthly inflation and similar will continue to rise in the coming months.
At the last meeting of the Monetary Policy Committee (CPM), held on September 15, the National Bank of Angola (BNA) decided to keep key interest rates unchanged, attributing the price changes to seasonal factors and insufficient supply of goods and services.
Author: Lusa
Source: CM Jornal
I am Michael Melvin, an experienced news writer with a passion for uncovering stories and bringing them to the public. I have been working in the news industry for over five years now, and my work has been published on multiple websites. As an author at 24 News Reporters, I cover world section of current events stories that are both informative and captivating to read.