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.

Ok
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

Please Paste this Code in your Website
width
height
Angola Interest Rate



Calendar GMT Actual Previous Consensus TEForecast
2022-05-31 04:00 PM Interest Rate Decision 20% 20% 20%
2022-07-29 01:30 PM Interest Rate Decison 20% 20% 20%
2022-09-26 02:05 PM Interest Rate Decision 19.5% 20% 18%


Related Last Previous Unit Reference
Interest Rate 19.50 20.00 percent Sep 2022
Interbank Rate 17.94 17.94 percent Aug 2022
Money Supply M0 1599755.00 1589837.00 AOA Million Sep 2017
Money Supply M3 10656023.82 11010046.42 AOA Million Aug 2022
Money Supply M2 10656024.00 11010046.42 AOA Million Aug 2022
Money Supply M1 5679232.00 5703696.01 AOA Million Aug 2022
Lending Rate 23.00 23.00 percent Aug 2022
Foreign Exchange Reserves 13808.00 13715.00 USD Million Aug 2022
Central Bank Balance Sheet 9539.40 9536.80 AOA Billion Aug 2022
Cash Reserve Ratio 22.00 22.00 percent Aug 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
19.50 20.00 150.00 8.75 2002 - 2022 percent Daily

News Stream
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
Angola Holds Interest Rate at 20%
The National Bank of Angola kept its benchmark policy rate at 20% during its July 29th, 2022 meeting amid positive signs in the national economy, particularly in the area of price stability, despite uncertain and volatile global economic outlook. Angola's annual inflation rate eased for the fifth straight month to near 2-year low of 22.96% in June of 2022, from 24.42% in the previous month, helped by favourable currency movements and amid deceleration in prices of food and non-alcoholic beverages, communications and hotels, cafes and restaurants. Nevertheless, the committee agreed to reduce the mandatory reserve ratio in national currency from 19% to 17%.
2022-07-29
Angola Holds Interest Rate at 20%
The National Bank of Angola kept its benchmark policy rate at 20% during its regular meeting on May 31st, 2022. Monetary policymakers noted that the current course of monetary policy remains adequate to achieve the inflation objective despite headwinds from inflation and potential impacts on the national economy. Angola's annual inflation rate slowed to a nine-month low of 25.79% in April of 2022 from 27% in the previous month, helped by favorable currency movements. Nevertheless, the committee agreed to reduce the mandatory reserve ratio in national currency from 22% to 19%.
2022-05-31