Flash Note Nº 14

Dear subscriber [name],

We are sending our most recent Flash Note.

Highlights:

At the meeting of the Monetary Policy Committee (MPC) held on 18 and 19 July in the city of Menongue, the BNA decided to keep the instruments for conducting monetary policy unchanged;
We are concerned that there will not be enough indicators for the time being to make monetary policy more flexible or less restrictive, at least until the end of the year;
We see that there is a slowdown in liquidity in monthly terms, however, if we look at it year-on-year, growth is still quite relevant, which indicates that in the medium term, there may still be inflationary pressure coming from the demand side.

Best regards,
BFA

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