Dear subscriber [name],
Here is this last week’s Angola Weekly.
Highlights:
- The Kwanza depreciated 3.1% last Friday, breaking a period of apparent stability, due to the fall in the amounts of currency made available to the market;
- Our expectation is that the Kwanza will stabilize at a level closer to USD/AOA 540-550 at the end of the year;
- Year-on-year inflation in April stood at 10.6%, a fall of just 0.2 percentage points (pp) compared to March, signaling the fifteenth consecutive month of decline.
Best regards,
BFA
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