Angolan Board closes June with 5 kwanzas credit to the economy.

Data were made public at the end of the monetary policy committee meeting, which decided to keep the BNA rate at 19.5%; Maintain the interest rate of the permanent ease of liquidity assignment by 20.5% and maintaining the interest rate of permanent liquidity absorption ease by 18.5%.

The economy credit stock, in national currency, reached, by June, a total of 4.93 billion kwanzas, representing an increase of 359.53 billion kwanzas compared to the total period of the previous year, the bank says the bank National of Angola, in the statement out of the last meeting of the Monetary Policy Committee (CPM).

The data is part of a synthesis report that the Central Bank presented to the press last week, when the CPM of the National Bank of Angola, which gathered in the city of Menongue, province of Cuando Cubango, decided to keep the BNA rate on 19.5%; Maintain the interest rate of the permanent ease of liquidity assignment by 20.5% and maintaining the interest rate of permanent liquidity absorption ease by 18.5%.

According to the Central Bank note, these decisions were motivated by the prospect of slowing down the rate of price growth in the economy, resulting from the relative improvement of the supply of essential consumption and liquidity control goods.

The Central Bank also points out that, according to price statistics released by the National Statistics Institute (INE), monthly inflation in June slowed to 2.07%, compared to the 2.49% observed in the previous month, with the class with the class Food and non -alcoholic beverages contributed with 64%.

In the monetary domain, the national currency monetary base expanded 0.21% in June after contracted 1.67% in the previous month. In accumulated terms, since the beginning of the year, the monetary base in national currency has expanded 4.34%.

In turn, the BNA continues, “Monetarian M2 aggregate in national currency contracted 0.30% in June after contracted 1.26% in May. In accumulated terms, M2 in MN expanded 3.43%”.

Already in the external sector, the balance of the goods account reached $ 11.25 billion from the United States in the first half of 2024, over 9.21 billion of the same period, corresponding to an increase of 22.15%, or that is, $ 2.04 billion from the United States.