BFA - Angola Weekly

Dear subscriber [name],

Attached is the weekly report of the Angolan economy.

Highlights:

• Monthly inflation rose again, reaching 2.0% in August, the highest level since December 2021 – compared to August 2022, prices increased 13.5%, the highest rate of annual increase since the end of 2022.

• The Monetary Policy Committee, meeting last Friday in the city of Sumbe, decided to keep the various reference interest rates unchanged.

• According to data collected independently by OPEC, oil production in Angola was around 1.12 million barrels per day (mbd) in August, a drop of 4.7% compared to the same month in 2022.

• Oil prices once again reached their highest levels since November last year, reinforcing the feeling of rising prices among market participants.

Best regards,
BFA

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