Angolan central bank loses monetary policy mandate


Angolan lawmakers on Thursday voted unanimously in favour of a law that will take away the central bank's control of monetary, financial and exchange rate policies.

Agência AngolaPress, the state news agency, reported that all 152 of the country's members of parliament supported the law, which promises to protect the National Bank of Angola's (BNA) operational autonomy. However, the central bank will "merely participate" in interest rate setting, and supervising the country's reserves. It will "

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