Bloomberg News

Angola to Meet Goal to Curb Inflation to 12%, Central Bank Says

June 03, 2011

June 3 (Bloomberg) -- Angola will probably reach its goal of reducing the inflation rate to 12 percent by the end of the year, even though state-worker wages will increase by as much as 40 percent, central bank Governor Jose de Lima Massano said.

The bank will use “various instruments” to control inflation, including restricting money supply, Massano said in an interview today in Luanda, the capital.

Inflation slowed to 14.6 percent in April from 14.8 percent a month earlier, according to the country’s statistics agency.

To contact the reporter on this story: Candido Mendes in Luanda at cmendes6@bloomberg.net

To contact the editor responsible for this story: Gordon Bell at gbell16@bloomberg.net


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