The National Bank of Angola held its benchmark interest rate at 15.50 percent during its July meeting, saying annual inflation continued its downward trend, although the monetary base in national currency increased by 3.28 percent in June. Inflation rate dropped to 16.94 percent, the lowest level since January 2016, from 17.14 percent in May. Interest Rate in Angola averaged 39.99 percent from 2002 until 2019, reaching an all time high of 150 percent in February of 2002 and a record low of 8.75 percent in July of 2014.
Interest Rate in Angola is expected to be 15.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Interest Rate in Angola to stand at 15.00 in 12 months time. In the long-term, the Angola Interest Rate is projected to trend around 14.00 percent in 2020, according to our econometric models.