Angola Monetary Policy

Angola

Angola: Bank of Angola keeps its Basic Interest Rate unchanged after July's hike

October 14, 2015

At its policy meeting on 28–29 September, the Central Bank of Angola decided to maintain the Basic Interest Rate unchanged at 10.50%. The Bank considered the decision to be appropriate due to the high level of inflation as well as the current state of the local and international economies. The next monetary policy meeting is scheduled for 27 October.

Regarding the stock of credit in the economy, the Monetary Policy Committee said that in August it had expanded 9.12% in cumulative terms since the beginning of the year. The Bank went on to add that in the same month the primary exchange rate depreciated by 0.01%.

FocusEconomics Consensus Forecast panelists expect the BNA Basic Reference Rate to end 2015 at 10.33% and 2016 at 10.17%.


Author: Jean-Philippe Pourcelot, Economist

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Angola Monetary Policy Chart


Angola Monetary Policy September 2015

Note: BNA Basic Reference Rate (%, eop)
Source: Bank of Angola


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