Central Banks
Oil-Rich Angola Keeps Key Rate at 17.5% as War in Iran Rages
An oil and gas storage facility at a port in Luanda.
Photographer: Andrew Caballero-Reynolds/AFP/Getty Images
Angola’s central bank kept its benchmark interest rate at 17.5%, pausing for the first time since August after oil prices surged because of the US-Israel war on Iran.
The Banco Nacional de Angola’s monetary policy committee kept the rates unchanged because of the geopolitical situation, Governor Manuel Tiago Dias said.