Interest Rate in Angola
Angola - Interest Rate
Central Bank holds the key policy rate stable in November
At its last meeting of the year on 30 November, the Monetary Policy Committee (MPC) of the National Bank of Angola (Banco Nacional de Angola, BNA) kept the key policy rate unchanged at 16.50%. The decision marked the second consecutive hold and was in line with the expectations of the large majority of our panel which expected the rate to end this year at July’s level.
Although it remained elevated, inflation continued to trend downwards in the run-up to the Bank’s meeting, thus driving the Bank’s decision to stay put in November. Inflation in the province of Luanda fell to a near three-year low of 17.4% in October, from 19.2% in September. Notably, September’s print marked the first uptick in inflation in the year and likely influenced the Bank’s decision to hold off its policy easing until next year. The Bank’s hold also reflected a shrinking monetary base as the money supply in national currency continued to contract in annual terms in October.
The next Monetary Policy Committee meeting is scheduled for 25 January 2019.
Our panelists expect monetary conditions to remain stable in the coming months and see the rate ending 2019 at 15.13%, before falling to 14.00% by the end of 2020.
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||309.4||0.0 %||Jan 14|
|Stock Market||0.1||0.0 %||Jan 14|
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January 15, 2019
According to the Statistical Institute (Instituto Nacional de Estadística), consumer prices in the province of Luanda rose 1.5% in December from the previous month, ticking up from November’s 1.4% rise.
January 14, 2019
According to preliminary national accounts data released by the Statistical Institute (INE) on 14 January, the economy remained in recession in the third quarter of 2018.
December 14, 2018
Consumer prices in the province of Luanda rose 1.4% in November from the previous month, unchanged from October’s print.
December 12, 2018
The average price of Angola’s Cabinda crude oil fell from a four-year high of USD 82.0 per barrel (pb) in October to USD 65.3 pb in November.
December 10, 2018
The economic climate indicator (ICE, Indicador de Clima Económico) published by the Statistical Institute fell from minus 15 points in the second quarter to a one-year low of minus 16 points in the third quarter.