Angola Keeps Rate Steady, Inflation And FX Rates StableCallum Thomasupdated Dec 28, 2012TweetAt GET.com we maintain complete editorial integrity on our content & provide transparent & unbiased information. Companies don't pay us to include their products although we receive a compensation when you successfully apply to products from our partners. See how we make money here.At GET.com we maintain complete editorial integrity. Angola's central bank kept its base rate (BNA) steady at 10.25 percent against a backdrop of stable inflation and kwanza exchange rates. The National Bank of Angola said credit to the economy returned to growth in November, continuing the trend from previous months. Loans in local currency represent almost 60 percent of total credit to the economy. Angola's inflation rate was largely steady in November, with prices up 0.93 percent from the previous month for an annual rate of 9.83 percent compared with October's 9.76 percent rate. The prices for Housing, Water and Electricity, Gas and Fuel; Transportation; Food and non-alcoholic beverages recording the largest price changes, the central bank said. Angola's central bank last cut its rates in January and the decline in inflation to a single-digit level has been its aim for many years. The average exchange rate of the kwanza to the U.S. dollar was at 95.712 at the end of November, "reflecting the stability observed since the beginning of the year," the central bank said, repeating its statement from last month. Interest rates on government bonds also eased during November, the bank said, with the LUIBOR overnight rate at 6.25 percent and 3 and 12 month rates at 8.53 percent and 10.56 percent, respectively. Editorial Disclosure: Any personal views and opinions expressed by the author in this article are the author's own and do not necessarily reflect the viewpoint of GET.com. The editorial content on this page is not provided by any of the companies mentioned, and has not been reviewed, approved or otherwise endorsed by any of these entities. Opinions expressed here are author's alone, not those of the companies mentioned, and have not been reviewed, approved or otherwise endorsed by any of these entities.