The National Bank of Angola set its benchmark policy rate at 20 percent during its regular meeting on July 2nd 2021, bringing borrowing costs to the highest level since 2011, in an attempt to curb persistent inflationary pressures. The Committee noted that monthly inflation remained above 2% in May, without sign of decreasing, mainly driven by prices of food and non-alcoholic beverages. source: National Bank of Angola
Interest Rate in Angola averaged 37.47 percent from 2002 until 2021, 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 2021.
Interest Rate in Angola is expected to be 20.00 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 20.00 in 12 months time. In the long-term, the Angola Interest Rate is projected to trend around 20.00 percent in 2022, according to our econometric models.