Angolan Central Bank Will Hold Rates In 2024 Following Unexpected Hike In November
Country Risk / Angola / Wed 22 Nov, 2023
Key View
- We believe that Banco Nacional de Angola (BNA)'s benchmark policy rate will remain on hold over 2024, following a 100 basis-point hike in November.
- While inflation will remain elevated in 2024, weak economic growth will disincentivise policymakers at the BNA to tighten monetary policy further.
- Risks to our interest rate forecast are