The National Bank of Angola cut its benchmark policy rate by 150 bps to 18% during its January 2023 meeting, after leaving it unchanged in November. It was the steepest rate cut since July 2018, based on the reduction in inflation observed throughout 2022 and on inflationary pressures, as well as on the alignment of monetary conditions with the medium and long-term inflation objectives. Inflation has been easing since February, reaching an over seven-year low of 13.86% in December of 2022, largely due to the appreciation of the kwanza, as well as the increase and regularity of the supply of goods, especially food products. The central bank governor said he expected Angola to end this year with inflation of 9%-11%. “If the current situation remains unchanged, we are in a position to continue on this path,” said Massano. He also predicted a 3.3% growth in GDP for 2023. source: National Bank of Angola

Interest Rate in Angola averaged 36.24 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 January of 2023.

Interest Rate in Angola is expected to be 18.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations.

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Angola Interest Rate



Calendar GMT Actual Previous Consensus TEForecast
2022-09-26 02:05 PM 19.5% 20% 18%
2022-11-25 01:30 PM 19.5% 19.5% 19%
2023-01-20 04:10 PM 18% 19.5% 19.5%
2023-03-17 02:00 PM 18% 18%
2023-05-19 02:00 PM
2023-07-14 02:00 PM


Related Last Previous Unit Reference
Interest Rate 18.00 19.50 percent Jan 2023
Interbank Rate 12.58 12.78 percent Dec 2022
Money Supply M0 1599755.00 1589837.00 AOA Million Sep 2017
Cash Reserve Ratio 22.00 22.00 percent Dec 2022
Money Supply M3 10697747.94 10853627.52 AOA Million Dec 2022
Money Supply M2 11192262.16 11312778.82 AOA Million Dec 2022
Money Supply M1 5642397.87 6066958.76 AOA Million Dec 2022
Lending Rate 21.00 21.00 percent Dec 2022
Foreign Exchange Reserves 14476.76 13789.60 USD Million Dec 2022
Central Bank Balance Sheet 10418.30 10458.70 AOA Billion Nov 2022

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).
Actual Previous Highest Lowest Dates Unit Frequency
18.00 19.50 150.00 8.75 2002 - 2023 percent Daily

News Stream
Angola Trims Key Interest Rate to 18%
The National Bank of Angola cut its benchmark policy rate by 150 bps to 18% during its January 2023 meeting, after leaving it unchanged in November. It was the steepest rate cut since July 2018, based on the reduction in inflation observed throughout 2022 and on inflationary pressures, as well as on the alignment of monetary conditions with the medium and long-term inflation objectives. Inflation has been easing since February, reaching an over seven-year low of 13.86% in December of 2022, largely due to the appreciation of the kwanza, as well as the increase and regularity of the supply of goods, especially food products. The central bank governor said he expected Angola to end this year with inflation of 9%-11%. “If the current situation remains unchanged, we are in a position to continue on this path,” said Massano. He also predicted a 3.3% growth in GDP for 2023.
2023-01-20
Angola Holds Key Rate at 19.5%
The National Bank of Angola kept its benchmark policy rate at 19.5% during its November 2022 meeting, following a 50 bps rate cut in September, amid the continued slowdown in inflation. Angola's annual inflation rate eased for the ninth straight month to 16.68% in October, from 18.16% in September and 27.66% at the start of the year. The rate of the permanent facility that provides liquidity to the interbank money market was also left unchanged at 21%, as well as the rate of the facility that absorbs excess liquidity, at 15%.
2022-11-25
Angola Trims Key Interest Rate to 19.5%
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.
2022-09-26