Angola’s central bank raised its key interest rate by 100 bps to 19%, the highest in 15 months, aiming to curb rising inflation, which reached a 21-month peak of 24% in February, up from 21.99% the previous month. The rate hike aligns with ongoing efforts, including a commitment to phase out fuel subsidies, which might intensify inflationary pressures, although the inflation rate is projected to decelerate to around 19% by the end of 2024.