Interest Rate in Angola
Angola - Interest Rate
Central Bank cuts the key policy rate to three-year low in May
At its meeting on 24 May, the Monetary Policy Committee (MPC) of the National Bank of Angola (BNA) cut its the key policy rate by 25 basis points to 15.50%, the lowest since May 2016. Meanwhile, the BNA left both the interest rate for the permanent liquidity-absorption facility at 0.0% and the coefficients of mandatory reserves in local currency at 17.0% and for foreign currency at 15.0%. The decision marked the second rate cut this year and the return to the monetary easing cycle which was paused when the Bank held the rate stable in March.
The Bank’s decision was driven chiefly by gradually receding inflationary pressures: Inflation in the province of Luanda edged down for a third consecutive month (April: 17.4%; March: 17.6%). Inflation moderated despite higher oil prices and a continued depreciation of the kwanza, signaling that the disinflation trend may be sustained in the coming months. The decline also came against the backdrop of a contracting monetary base, which fell 0.5% year-on-year in April.
Looking ahead, the Bank is seen further easing its policy stance this year, although still-high inflation and the Central Bank’s commitment to maintain prudent monetary policy, reinforced by the country’s financing deal with the IMF, could prevent significant rate cuts.
The next Monetary Policy Committee meeting is scheduled for 26 July.
FocusEconomics panelists see the rate ending 2019 at 15.38% and 2020 at 14.50%.
Angola - Interest Rate Data
|Policy Interest Rate (%)||9.25||9.00||11.00||16.00||18.00|
5 years of economic forecasts for more than 30 economic indicators.
Angola Interest Rate Chart
Source: Central Bank of Angola
|Exchange Rate||338.8||0.0 %||Jun 14|
|Stock Market||0.1||0.0 %||Jun 13|
Get a sample report showing our regional, country and commodities data and analysis.
Request a Trial
Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.
June 14, 2019
The average price of Angola’s Cabinda crude oil ticked up from USD 72.2 per barrel (pb) in April to USD 72.4 pb in May.
June 13, 2019
Consumer prices in the province of Luanda rose 1.1% in May from the previous month, unchanged from April’s reading.
June 12, 2019
The economic climate indicator (ICE, Indicador de Clima Económico) published by the Statistical Institute improved from minus 12 points in Q4 2018 to minus 9 points in Q1 2019.
May 24, 2019
At its meeting on 24 May, the Monetary Policy Committee (MPC) of the National Bank of Angola (BNA) cut its the key policy rate by 25 basis points to 15.50%, the lowest since May 2016.
Angola: Cabinda crude oil prices surge to six-month high in April amid a slight rebound in Angola’s output
May 17, 2019
The average price of Angola’s Cabinda crude oil rose from USD 66.8 per barrel (pb) in March to a six-month high of USD 72.2 pb in April.