The National Bank of Angola set its benchmark policy rate at 20 percent during its regular meeting on July 2nd 2021, bringing borrowing costs to the highest level since 2011, in an attempt to curb persistent inflationary pressures. The Committee noted that monthly inflation remained above 2% in May, without sign of decreasing, mainly driven by prices of food and non-alcoholic beverages. source: National Bank of Angola

Interest Rate in Angola averaged 37.39 percent from 2002 until 2021, 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 November of 2021.

Interest Rate in Angola is expected to be 20.00 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 20.00 percent in 2022, according to our econometric models.

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Angola Interest Rate


Calendar GMT Actual Previous Consensus TEForecast
2021-05-29 01:00 AM 15.5% 15.5% 15.5%
2021-07-02 03:00 PM 20% 15.5%
2021-10-01 02:00 AM 20% 20% 20%
2021-11-30 04:00 PM 20% 20%


Related Last Previous Unit Reference
Interest Rate 20.00 20.00 percent Oct/21
Interbank Rate 20.99 21.40 percent Oct/21
Money Supply M0 1599755.00 1589837.00 AOA Million Sep/17
Money Supply M3 11792523.10 11834895.33 AOA Million Oct/21
Money Supply M2 11787510.06 11829950.16 AOA Million Oct/21
Money Supply M1 5647670.61 5721686.45 AOA Million Oct/21
Lending Rate 25.00 25.00 percent Oct/21
Foreign Exchange Reserves 10148.82 9467.55 USD Million Oct/21
Cash Reserve Ratio 17.00 17.00 percent Sep/21
Central Bank Balance Sheet 14711.70 13699.00 AOA Billion Aug/21

News Stream
Angola Hikes Key Interest Rate to 20%
The National Bank of Angola set its benchmark policy rate at 20 percent during its regular meeting on July 2nd 2021, bringing borrowing costs to the highest level since 2011, in an attempt to curb persistent inflationary pressures. The Committee noted that monthly inflation remained above 2% in May, without sign of decreasing, mainly driven by prices of food and non-alcoholic beverages.
2021-07-02
Angola Holds Key Interest Rate at 15.5%
The National Bank of Angola held its benchmark interest rate at 15.5 percent during its January 2021 meeting. Policymakers voiced concerns about the negative effects of COVID-19 on the domestic economy and the interruption of the disinflation process started in 2018. The Committee concluded that, as the monetary expansion observed in 2020 did not result from the dynamics of economic activity, might be necessary to implement a prudent monetary policy in 2021, mainly of a restrictive nature, to achieve the inflation target around one digit in 2022. Angola's annual inflation rate surged for the 14th month to 25.1% in December of 2020, the highest since October of 2017, as the kwanza continued to depreciate due to the twin impact of Covid-19 and still subdued oil prices.
2021-01-29

Angola Interest Rate
In Angola, interest rate decisions are taken by The National Bank of Angola (Banco Nacional de Angola). On May 24th 2018, the central bank unified the marginal lending facility rate and the basic interest rate, creating the BNA Rate (Taxa BNA) which became the new benchmark interest rate. Until then, the key rate was the Taxa Básica de Juro (Taxa BNA) and until October 2011 the official interest rate was the Discount Rate (Taxa de Redesconto).