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Angola central bank cuts key rate by 50 basis points - REUTERS
LUANDA, May 14 (Reuters) – Angola’s central bank cut its benchmark lending rate by 50 basis points to 17% in a decision announced on Thursday.
Inflation in the Southern African oil-producing country eased to 11.58% year-on-year in April, down from 12.42% in March.
The central bank wants to bring inflation down to single digits. At its last policy meeting in March, the Bank of Angola left its main lending rate unchanged, citing the need for caution because of the Iran war.
