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The Monetary Policy Committee (CPM) of the National Bank of Angola (BNA) is set to convene on January 19 to deliberate on strategies aimed at mitigating the surging inflation affecting the Southern African nation, as stated by Manuel Dias, the BNA spokesperson.
Dias underscored that a primary objective is to bring down the current inflation rate, presently standing at 18.19 percent, in an effort to stabilize Angola’s economy and prices. Managing inflation remains a crucial challenge for the central bank.
Responding to inquiries regarding the status of the national financial system, the BNA spokesperson asserted that, from a global and systemic standpoint, it is exhibiting positive performance. This evaluation is based on various indicators consistently scrutinized by the Financial System Stability Committee.
Emphasizing the outlook for the year, the BNA official conveyed the commitment to sustain the implementation of the strategic plan outlined by the BNA, effective from 2023 through 2028, with the overarching goal of fulfilling the responsibilities of Angola’s Central Bank successfully.
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