Angola Weekly

Dear subscriber [name],

Here is this last week’s Angola Weekly.

Highlights:

Year-on-year inflation in July accelerated to 12.11% (+0.88pp compared to May), making it the third consecutive month of increases;
Interbank money market (IMM) interest rates are falling significantly after reaching their very recent year's peak on the 20th of July;
Oil barrel prices ended the week slightly lower after trading mixed throughout the week;
The consultancy firm Capital Economics lowered the growth forecast for the Angolan economy, anticipating an expansion of 1.3%, followed by stagnation in 2024.

Best regards,
BFA

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