The National Bank of Angola lowered its benchmark policy rate by 50 bps to 19.5% during its September 26th, 2022 meeting. It was the first rate cut since May of 2019, amid the stabilization of Angola’s foreign-exchange market and a continued slowdown in inflation since the start of the year. The kwanza has strengthened almost 30% in 2022, making it one of the world’s best-performing currencies. Angola’s annual inflation rate eased for the seventh month to 19.8% in August of 2022, the lowest since March of 2020, from 21.4% in the previous month. The Monetary Policy Committee maintains the outlook for the inflation rate at the end of the current year to be below the initial forecast of 18%, moving towards the single-digit objective in the medium term. source: National Bank of Angola
Interest Rate in Angola averaged 36.50 percent from 2002 until 2022, reaching an all time high of 150 percent in February of 2002 and a record low of 8.75 percent in July of 2014. This page provides the latest reported value for - Angola Interest Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Angola Interest Rate - data, historical chart, forecasts and calendar of releases - was last updated on September of 2022.
Interest Rate in Angola is expected to be 19.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Angola Interest Rate is projected to trend around 17.00 percent in 2023 and 16.00 percent in 2024, according to our econometric models.