In a statement released last Friday, the Monetary Policy Committee of the National Bank of Angola (BNA), the country's central bank, announced that it had revised upward its inflation forecasts to a range of 12 to 14% in This is the reason for the recent depreciation of the national currency

At the end of June, Angola's international reserves stood at 13.68 billion dollars, representing 6.01 months of coverage for imports of goods and services, according to the statement published on the BNA website. Indeed, the Monetary Policy Committee of the NBA wanted the central bank's reference rate to be maintained at 17%. According to information in the document, “the decision is based on the resurgence of inflationary pressures due to changes in the macroeconomic framework, in particular the reduction in export revenues and the resulting devaluation of the currency. In addition, expectations regarding the reduction of subsidies on gas prices and the constraints resulting from the reorganization of street sales have also had an impact on prices.”