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The National Bank of Angola raised by 100 bps to 19% during its meeting on March 15th, 2024, marking the highest level since December 2022, after keeping it steady at 18% in January. The decision was aimed at curbing persistent inflationary pressures. The annual inflation rate in Angola accelerated for the 10th straight month to 24.07% in February 2024, the highest in almost two years. Meanwhile, the central bank expects an inflation rate of 19% this year, while the Government is more optimistic, anticipating a rate of 15.3%.