The benchmark interest rate in Angola was last recorded at 15.50 percent. source: National Bank of Angola

Interest Rate in Angola averaged 38.10 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 October of 2020.

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 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
2020-03-30 10:00 AM 15.50% 15.50% 15.5%
2020-05-07 03:15 PM 15.5% 15.50% 15.5%
2020-07-28 04:15 PM 15.5% 15.5% 15.5%
2020-09-28 07:00 PM 15.5% 15.5% 15.5%
2020-11-27 07:00 PM 15.5% 15.5%

News Stream
Angola Leaves Monetary Policy Unchanged
The National Bank of Angola held its benchmark interest rate at 15.50 percent during its September meeting, saying that an environment of uncertainty and downside risks prevails despite some optimism about the resumption of economic activity. Policymakers also noted that annual inflation rose to 23.41 percent in August, its highest level since 2017.
Angola Holds Key Interest Rate at 15.5%
The National Bank of Angola kept its benchmark interest rate unchanged at 15.5% during its July 2020 meeting, after the annual inflation rate soared to 22.62%, its highest since January of 2018 due to higher food prices. At the same time, policymakers decided to introduce a custody fee on the excess liquidity of commercial banks with the BNA, whose characteristics will be subject to specific regulations. This aims to encourage an increase in the level of intermediation of financial resources between commercial banks and other economic agents, with the underlying objective of stimulating economic activity.
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.
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.

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).