BFA - Angola Weekly

Dear subscriber [name],

Please find attached last week’s Angola Weekly.

Highlights: 

• In the third quarter of 2024, the Angolan economy grew 5.5% compared to the same period last year – marking the 14th consecutive quarter of GDP expansion in annual terms, despite some observed quarterly slowdowns;

• The Monetary Base (M0) in national currency registered a monthly contraction of around 2.1%, strongly influenced by the excess reserves of the banking system, which recorded a contraction of around 7.0% mom in November;

• Interbank money market interest rates rose slightly last week, reflecting banks' preference for liquidity.



Best regards,
BFA


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