Angola Leaves Key Rate on Hold; Changes Lending and Absorption Facility Rates


At its March 31st, 2014 meeting, central bank of Angola decided to leave the benchmark interest rate on hold at 9.25 percent, but raised the liquidity absorption rate by 25 bps to 1.5 percent and cut the standing lending facility rate by 25 bps to 10 percent.

The central bank rose the liquidity absorption rate for the second straight meeting. Last month, it increased the rate by 50 bps, but kept the lending facility rate unchanged. 

Today’s moves aim to reduce the cost of financial intermediation, mainly the interest rates charged on credit to the economy. 

In February, the LUIBOR Overnight was recorded at 3.57 percent, lower than 4.15 percent in January, while maturities of 3 and 12 months were 7.45 percent and 9.44 percent, respectively.

Angola Leaves Key Rate on Hold; Changes Lending and Absorption Facility Rates


Joana Taborda | joana.taborda@tradingeconomics.com
3/31/2014 6:04:03 PM


News

Angola Cuts Key Interest Rate
At its July 28th meeting, the Central Bank of Angola decided to cut its benchmark interest rate by 50 bps to 8.75 percent aiming to stimulate credit to the economy as policymakers expect the inflation rate to decrease further.
Published on 2014-07-29

Angola Leaves Rates on Hold
At its June 24th, 2014 meeting, Central Bank of Angola left its key policy rate unchanged at 9.25 percent for the seventh consecutive meeting.
Published on 2014-06-25

Angola Raises Liquidity Absorption Facility
At its May 26th, 2014 meeting, Angola’s central bank kept its key policy rate unchanged at 9.25 percent, but raised its liquidity absorption facility rate by 25 bps to 1.75 percent.
Published on 2014-05-27

Angola Leaves Monetary Policy Unchanged
At its April 28th, 2014 meeting, Angola’s central bank left the benchmark interest rate on hold at 9.25 percent. The liquidity absorption and the standing lending facility rate where also left unchanged at 1.5 percent and 10 percent, respectively, following last meeting’s move.
Published on 2014-04-29

Angola Leaves Key Rate on Hold; Changes Lending and Absorption Facility Rates
At its March 31st, 2014 meeting, central bank of Angola decided to leave the benchmark interest rate on hold at 9.25 percent, but raised the liquidity absorption rate by 25 bps to 1.5 percent and cut the standing lending facility rate by 25 bps to 10 percent.
Published on 2014-03-31

Angola Holds Key Rate Steady
At its February 2014 meeting, central bank of Angola decided to leave the benchmark interest rate on hold at 9.25 percent, while raising the liquidity absorption rate by 50 bps to 1.25 percent. The standing lending facility rate was kept unchanged at 10.25 percent.
Published on 2014-02-28

National Bank of Angola Leaves Rate Unchanged at 9.25%
In its January 2014 meeting, the National Bank of Angola decided to leave the benchmark interest rate unchanged at 9.25 percent. It also decided to reduce the required reserve ratio in local currency from 15 percent to 12.5 percent, aiming to increase credit to the economy and reduce the cost of financial intermediation.
Published on 2014-01-31

National Bank of Angola Leaves Monetary Policy Unchanged
The National Bank of Angola decided on December 23rd to leave the benchmark interest rate unchanged at 9.25 percent, following last month’s cut. The Board kept its recommendation to take the LUIBOR as the benchmark interest rate on bank loans.
Published on 2013-12-23

National Bank of Angola Cuts Rate by 50 bps
The National Bank of Angola decided on November 25th to cut the benchmark interest rate for the second time this year by 50 bps to 9.25 percent, citing falling inflation. The Board kept its recommendation to take the LUIBOR as the benchmark interest rate on bank loans.
Published on 2013-11-25

National Bank of Angola Leaves Rates On Hold
The National Bank of Angola decided on October 28th to maintain the benchmark interest rate unchanged at 9.75 percent. The Board recommended once again taking the LUIBOR as the benchmark interest rate on bank loans.
Published on 2013-10-28

Angolan Monetary Policy Unchanged
The National Bank of Angola decided on September 30th to leave the benchmark interest rate on hold at 9.75 percent, after cutting it last month by 25 bps. The Board recommended once again taking the LUIBOR as the benchmark interest rate on bank loans.
Published on 2013-10-01

National Bank of Angola Cuts Rates
The National Bank of Angola decided on August 30th to cut the benchmark interest rate by 25 bps to 9.75 percent, the lowest since the rate was introduced in October of 2011.
Published on 2013-09-02

Angolan Benchmark Interest Rate Steady at 10%
The National Bank of Angola decided on July 29th to leave the benchmark interest rate unchanged at 10 percent for the sixth consecutive meeting, citing price stability. Last month, the Bank cut the required reserve ratio on commercial bank deposits in local currency by 500 bps to 15 percent, to reduce the cost of credit.
Published on 2013-07-29

National Bank of Angola Cuts the Required Reserve Ratio
During the meeting held on June 28th, The National Bank of Angola left its benchmark interest rate unchanged at 10 percent for the sixth consecutive month. Yet, in order to reduce the cost of credit, the Monetary Committee decided to reduce the required reserve ratio on commercial bank deposits in local currency by 500 bps to 15 percent.
Published on 2013-06-28

National Bank of Angola Keeps Base Rate on Hold in May
During the meeting held on May 28th, The National Bank of Angola left its benchmark interest rate unchanged at 10 percent for the fourth consecutive month.
Published on 2013-05-29