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121st CPM meeting: reduction of the mandatory reserves coefficient to 20%

23/01/2025
Source : ORISHAS FINANCE
Categories: Sectors

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Le gouverneur de la National Bank of Angola (BNA), Manuel Tiago Dias announced on Tuesday, January 21, that the bank's Monetary Policy Committee (CPM) reduced the coefficient of mandatory reserves, in national currency, from 21% to 20%. The announcement was made during the first press conference of 2025, as part of the 121st CPM meeting, held on January 20 and 21 in

Luanda.

The BNA CPM aims to release liquidity in the order of 100 billion kwanzas and position interbank money market rates around the reference rate. Also, the Central Bank manager said that the committee, the body responsible for formulating the country's monetary policy, also decided to maintain the BNA rate at 19.5%, the interest rate on the Permanent Liquidity Supply Facility at 20.5% and the interest rate on the Permanent Liquidity Absorption Facility at 20.5% and the interest rate of the Permanent Liquidity Absorption Facility

at 18.5%.

Malgré la hausse des prix, there was a slowdown in monthly inflation, announced in May 2024, as well as the same rate since August, after the peaks of 2.61 and 31.09 observed in April and July respectively. Likewise, the adjustment of prices for urban public transport and collective passenger taxis by 233.3%, respectively, as one of the factors behind the rise in prices in the

economy.
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