#IMF #International Monetary Fund . . . an Intro
Financial Freedom is achieved when instead of staying ignorant you choose gaining knowledge on Finance , Business and Economics And Take informed decision to gain Economic freedom from dependence on others for you and your family’s livelihood and achieve your life goals ............ Connect …. Communicate ….. Collaborate ……… your way to Social Success
Showing posts with label IMF. Show all posts
Showing posts with label IMF. Show all posts
Saturday, 22 February 2014
Sunday, 2 June 2013
Zambia Central Banker's raises rate by 25 bps
Zambia raises rate 25 bps on risks to 2013 inflation target - Central Bank News
Zambia's central bank raised its policy rate by 25 basis points to 9.5 percent, saying inflationary pressures "would be threat to the achievement of end-year inflation target of 6.0%."
The Bank of Zambia, which raised rates by 25 basis points in 2012, said in April that it expected inflationary pressures to continue to moderate in the month of April.
Inflation rose to 7.0 percent in April from 6.5 percent in March and the central bank said it was anticipating upward risks to inflation in June due to recent increases in the pump price of fuel coupled with the lagged effects of the recent exchange rate depreciation.
These pressures will be moderated by the relative stable prices of food due to a positive food balance as indicated in recent crop forecast surveys, the bank said.
Zambia's average inflation rate in 2012 was 6.6 percent, according to the International Monetary Fund, which forecasts a decline to 6.5 percent this year.
www.CentralBankNews.info
for more information visit Bank of Zambia website : http://www.boz.zm/
Zambia's central bank raised its policy rate by 25 basis points to 9.5 percent, saying inflationary pressures "would be threat to the achievement of end-year inflation target of 6.0%."
The Bank of Zambia, which raised rates by 25 basis points in 2012, said in April that it expected inflationary pressures to continue to moderate in the month of April.
Inflation rose to 7.0 percent in April from 6.5 percent in March and the central bank said it was anticipating upward risks to inflation in June due to recent increases in the pump price of fuel coupled with the lagged effects of the recent exchange rate depreciation.
These pressures will be moderated by the relative stable prices of food due to a positive food balance as indicated in recent crop forecast surveys, the bank said.
Zambia's average inflation rate in 2012 was 6.6 percent, according to the International Monetary Fund, which forecasts a decline to 6.5 percent this year.
www.CentralBankNews.info
for more information visit Bank of Zambia website : http://www.boz.zm/
Saturday, 1 June 2013
Angola Central Bank News
Angola holds rate steady at 10%, inflation drops further - Central Bank News
Angola's central bank held its main policy rate steady at 10.0 percent as inflation continued to drop and the exchange rate remained stable.
The National Bank of Angola (BNA), which cut its rate by 25 basis points in January, said the monthly inflation rate in April was 0.6 percent, down from 0.66 percent in March, for an annual rate of 9.0 percent, down from 9.1 percent.
The BNA has for many years strived for an inflation rate below 10 percent and since August 2012 inflation has remained below that level.
The central bank also said credit to the economy rose by 0.18 percent in April and the average interest rate on credit of 181 days in local currency rose to 12.53 percent for retailers and declined to 13.7 percent for the corporate sector.
The average exchange rate for the kwanza against the U.S. dollar was 96.045 at the end of April compared with 95.98 at the end of March. During April the central bank sold US $1,980 million to the market for a total of $6,232 million in the first four months.
In 2012 Angola's economy grew by 7.4 percent and the International Monetary Fund projects growth of 6.2 percent this year.
www.CentralBankNews.info
National Bank of Angola weblink : http://www.bna.ao/
Angola's central bank held its main policy rate steady at 10.0 percent as inflation continued to drop and the exchange rate remained stable.
The National Bank of Angola (BNA), which cut its rate by 25 basis points in January, said the monthly inflation rate in April was 0.6 percent, down from 0.66 percent in March, for an annual rate of 9.0 percent, down from 9.1 percent.
The BNA has for many years strived for an inflation rate below 10 percent and since August 2012 inflation has remained below that level.
The central bank also said credit to the economy rose by 0.18 percent in April and the average interest rate on credit of 181 days in local currency rose to 12.53 percent for retailers and declined to 13.7 percent for the corporate sector.
The average exchange rate for the kwanza against the U.S. dollar was 96.045 at the end of April compared with 95.98 at the end of March. During April the central bank sold US $1,980 million to the market for a total of $6,232 million in the first four months.
In 2012 Angola's economy grew by 7.4 percent and the International Monetary Fund projects growth of 6.2 percent this year.
www.CentralBankNews.info
National Bank of Angola weblink : http://www.bna.ao/
Subscribe to:
Posts (Atom)