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.

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Angola Interest Rate



Calendar GMT Actual Previous Consensus TEForecast
2023-01-20 04:10 PM 18% 19.5% 19.5%
2023-03-21 03:30 PM 17% 18% 18.0%
2023-05-19 11:00 AM 17% 17% 17.0%
2023-07-14 02:00 PM 17%
2023-09-15 02:00 PM
2023-11-17 02:00 PM


Related Last Previous Unit Reference
Interest Rate 17.00 17.00 percent Jun 2023
Interbank Rate 11.45 11.45 percent Apr 2023
Money Supply M0 1599755.00 1589837.00 AOA Million Sep 2017
Money Supply M3 11386463.00 11160210.00 AOA Million Apr 2023
Money Supply M2 11386463.00 11160210.00 AOA Million Apr 2023
Money Supply M1 5969151.00 5735875.96 AOA Million Apr 2023
Lending Rate 17.00 17.00 percent Apr 2023
Foreign Exchange Reserves 14449.00 14054.00 USD Million Apr 2023
Central Bank Balance Sheet 10631.10 10189.80 AOA Billion Apr 2023
Cash Reserve Ratio 22.00 22.00 percent Apr 2023

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
17.00 17.00 150.00 8.75 2002 - 2023 percent Daily

News Stream
Angola Holds Key Rate at 17%
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%.
2023-05-19
Angola Interest Rate Lowers Key Rate to 17%
The National Bank of Angola cut its benchmark policy rate by 100 bps to 17% during its March 2023 meeting, after a 150 bps rate cut in January, bringing borrowing costs to their lowest level since June 2021. The decision was aimed at stimulating growth amid further signs of easing inflationary pressures. Angola’s annual inflation rate slowed further to a 7-1/2-year low of 11.54% in February of 2023, continuing its downward trend since the start of 2022. The Committee forecasts inflation will end the year at 9% to 11%. Meanwhile, Governor Jose Massano said the bank will maintain a prudent approach and keep a close eye on the context to see if further cuts are needed.
2023-03-21
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