The National Bank of Angola kept its benchmark policy rate unchanged at 17% in a decision announced on May 19th 2023, after slashing it by 100 bps in March. The decision came on the back of a sustained downward trend in inflation since the start of last year, largely driven by an increase in the supply of essential goods and by fuel and food subsidies. Headline inflation decreased for the 15th consecutive month in April, reaching its lowest point since July 2015 at 10.59%. source: National Bank of Angola
Interest Rate in Angola averaged 35.88 percent from 2002 until 2023, reaching an all time high of 150.00 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 June of 2023.
Interest Rate in Angola is expected to be 17.00 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 15.00 percent in 2024, according to our econometric models.