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BNA maintains interest rates applied in August
The Monetary Policy Committee (MPC) of the National Reserve Bank of Angola (BNA) decided to maintain, for next October, the interest rates applied last August, following its thirty-sixth regular session, the ninth of the year 2014, which was recently held in Luanda.
Thus, ANGOP reports on the subject, "the Basic Interest Rate – BNA Rate - remains fixed at 8.75% per annum; the Interest Rate of the Permanent Lending Facility Liquidity, at 9.75% per annum; the Interest Rate of the Permanent Absorption Facility Liquidity at 1.75% per annum."
According to the source, the meeting debated on the evolution of inflation, of the real economy, of fiscal and monetary accounts, as well as the latest information on the international economic environment, including that of the Southern African Development Community (SADC).
ANGOP adds that the analysis was based on data for the month of August 2014, with a view to taking monetary policy measures that contribute to the maintenance of price stability in the domestic economy.
The forthcoming BNA’s CPM meeting will be held on October 27th.
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