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Dear subscriber [name],
Please find attached our most recent Flash Note:
Highlights:
- BNA starts the year by easing monetary policy;
- We have observed that the Luibor responds with a significant lag to changes in the policy rates, reflecting relatively long response times;
- From a forward-looking perspective, the combination of a sustained slowdown in headline inflation and confirmation (via core inflation) of a loss of momentum in inflationary pressures creates conditions for a generally lower interest-rate environment over the course of the year.
Best regards,
BFA
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Rua Amílcar Cabral, 58, Maianga – Luanda
Telephone: 222 638 900 • Fax: 222 638 911
www.bfa.ao
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