The benchmark interest rate in Angola was last recorded at 15.50 percent.

Interest Rate in Angola averaged 38.70 percent from 2002 until 2020, reaching an all time high of 150 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 July of 2020. source: National Bank of Angola

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 15.50 in 12 months time. In the long-term, the Angola Interest Rate is projected to trend around 15.00 percent in 2021, according to our econometric models.

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Angola Interest Rate

Actual Previous Highest Lowest Dates Unit Frequency
15.50 15.50 150.00 8.75 2002 - 2020 percent Daily


Calendar GMT Actual Previous Consensus TEForecast
2019-11-29 04:55 PM 15.5% 15.5% 15.50%
2020-01-27 06:50 PM 15.5% 15.5% 15.5%
2020-03-30 10:00 AM 15.50% 15.50% 15.5%
2020-05-07 03:15 PM 15.5% 15.50% 15.5%
2020-07-24 03:00 PM 15.5% 15.5%
Go to our Calendar for more events. Or learn more about the Calendar API for direct access.


News Stream
Angola Leaves Key Interest Rate Steady at 15.5%
The National Bank of Angola kept its benchmark interest rate unchanged at 15.5% during its May 2020 meeting, amid the continued depreciation of the kwanza and galloping inflation. Policymakers said the current policy stance remains appropriate to support its inflation commitment given the worsening economic backdrop due to the Covid-19 pandemic. The Committee also added that the domestic economy could be affected by the performance of the oil industry and its impact on external and fiscal accounts. The liquidity absorption facility rate was left on hold at 0% and the reserve ratios in both national and foreign currency were also kept unchanged at 22% and 15%, respectively.
2020-05-07
Angola Holds Key Interest Rate at 15.5%
The National Bank of Angola left its benchmark interest rate unchanged at 15.50 percent during its March 2020 meeting, saying that inflation levels are still high, being necessary to continue the process of price stabilization in the economy. In February, the annual inflation rate climbed further to a near 1-1/2 year high of 18.74 percent. Policymakers also noted the recent fall in oil prices and its impact on the level of international reserves, revealing a set of measures to protect them and ensure the external solvency of the economy. The Committee also assessed the possible effects of the COVID-19 pandemic on the national economy, with particular attention to external accounts and its implications for the conduct of monetary and exchange rate policy, pointing out the option of using the mandatory reserves of commercial banks to grant credit to the productive sector.
2020-03-30
Angola Leaves Monetary Policy Unchanged
The National Bank of Angola held its benchmark interest rate at 15.50 percent during its January meeting, saying the current monetary policy stance remains appropriate to support the Kwanza. Policymakers also noted that annual inflation fell to 16.9 percent in December, its lowest level since 2015; while net foreign reserves increased 11.19 percent year-on-year, the biggest annual gain since 2013.
2020-01-27
Angola Holds Interest Rate at 15.5%
The National Bank of Angola left its benchmark interest rate unchanged at 15.50 percent during its November meeting, saying that the disinflation trend in the economy has continued, despite the implementation of the Value Added Tax (VAT) and the liberalization of the exchange rate in October 2019. Policymakers noted that Inflation rate remained unchanged at 16.08 percent in October 2019, the lowest level since January 2016, though the monetary base in national currency increased 6.81 percent, after a contraction of 11.68 percent in September. The reserve ratio in national and foreign currency were also left unchanged at 22 percent and 15 percent, respectively.
2019-11-29

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).