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Angola central bank holds benchmark lending rate at 16 percent
December 29, 2016 / 3:24 PM / 9 months ago

Angola central bank holds benchmark lending rate at 16 percent

LUANDA, Dec 29 (Reuters) - Angola’s central bank kept its benchmark lending rate unchanged at 16 percent, it said on Thursday, citing falls in headline inflation.

Prices in the continent’s largest oil producer increased at a quicker pace month-on-month in November, rising 2.13 percent compared with 1.79 percent in October.

But they were down from a peak of 4 percent in July. (Writing by Mfuneko Toyana; editing by John Stonestreet)

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