Kwanza has strengthened almost 30% in 2022, making it one of the world’s best-performing currencies
The Banco Nacional de Angola in Luanda. Picture: REUTERS
The decision to cut by that margin was done with a great sense of responsibility, he said. “Our objective is to ensure price stability.” Price growth in the country dropped below 20% for the first time in more than two years in August. The central bank forecasts it will slow to less than 18% by the end of the year and sees it in single digits in the medium term.
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