Reserve bank keeps basic interest rate at 10 per cent
The National Reserve Bank (BNA) has decided to keep its basic interest rate at 10 per cent this year, as well as the interests of permanent facilities for grant and absorption of liquidity at 11.75 per cent for the same year, ANGOP has learnt.
According to a press note from the BNA, the decision was taken during the ninth ordinary session of the Committee of Monetary Policy with the Reserve Bank, held in Luanda.
The document also says that the Monetary Policy Committee reiterates the recommendation of using the Libor rate as the basis for reference in credit operations.
The mentioned committee also keeps the recommendation of using the national currency, Kwanza, in transfers in the internal market.
In May 2012, the inflation rate recorded was 0.65 per cent, as the inflation over the last 12 months reached 10.51 per cent, compared to the 14.54 per cent last year.
2012-07-10
The National Reserve Bank (BNA) has decided to keep its basic interest rate at 10 per cent this year, as well as the interests of permanent facilities for grant and absorption of liquidity at 11.75 per cent for the same year, ANGOP has learnt.According to a press note from the BNA, the decision was taken during the ninth ordinary session of the Committee of Monetary Policy with the Reserve Bank, held in Luanda.
The document also says that the Monetary Policy Committee reiterates the recommendation of using the Libor rate as the basis for reference in credit operations.
The mentioned committee also keeps the recommendation of using the national currency, Kwanza, in transfers in the internal market.
In May 2012, the inflation rate recorded was 0.65 per cent, as the inflation over the last 12 months reached 10.51 per cent, compared to the 14.54 per cent last year.
2012-07-10
