Angola Weekly

Dear subscriber [name],

Here is this last week’s Angola Weekly.

Highlights:

The economic climate indicator fell in quarterly terms, by 2 points, to 12 points.
The Kwanza has shown signs of more pronounced depreciation in the parallel market in recent weeks, having fallen by around 18% during the month of October, according to our calculations.
The rating agency Moody's maintained the B3 rating for Angola, with a positive outlook.
The European Central Bank decided to keep reference interest rates unchanged, after 10 consecutive increases, at a time when inflation is slowing down and the European economy may already be close to recession.

Best regards,
BFA

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