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.