Angola Weekly

Dear subscriber [name],

Here is this last week’s Angola Weekly.

Highlights:

International Reserves fell again in October to USD 13.4 billion (Bn), USD 201 million less than in September.
The Kwanza depreciated 10.6% in October, and is now trading above USD/AOA 488, the lowest level since the beginning of March this year.
On the other hand, it is possible that the BNA will try to moderate liquidity levels, bearing in mind its effects on the foreign exchange market.
In international monetary policy, the Federal Reserve and Bank of England raised their benchmark rates by 75 basis points last week, in a similar move to that of the European Central Bank the week before.

Best regards,
BFA

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