Angola's external interest costs jump; rates on hold despite inflation rebound
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External interest costs more than doubled to US$1.6bn in Q2 as DSSI-related payment freezes expired
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Central bank paused rates at 17% again despite surging inflation
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The Bank inflation is seasonal/supply driven and domestic demand weak – monetary aggregates support this
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This report is independent investment research as contemplated by COBS 12.2 of the FCA Handbook and is a research recommendation under COBS 12.4 of the FCA Handbook. Where it is not technically a research recommendation because the subject of the research is not listed on any European exchange, it has nevertheless been treated as a research recommendation to ensure consistent treatment of all Tellimer's research. This report has been produced by the analyst(s) named above (the "Analyst").
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