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

Interest Rate in Angola averaged 37.82 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 May of 2021.

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 2022, 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 - 2021 percent Daily

Calendar GMT Actual Previous Consensus TEForecast
2020-09-28 07:00 PM 15.5% 15.5% 15.5%
2020-11-27 02:00 PM 15.5% 15.5% 15.5%
2021-01-29 11:30 AM 15.5% 15.5% 15.5%
2021-03-29 07:00 PM 15.5% 15.5% 15.5%

News Stream
Angola Holds Key Interest Rate at 15.5%
The National Bank of Angola held its benchmark interest rate at 15.5 percent during its January 2021 meeting. Policymakers voiced concerns about the negative effects of COVID-19 on the domestic economy and the interruption of the disinflation process started in 2018. The Committee concluded that, as the monetary expansion observed in 2020 did not result from the dynamics of economic activity, might be necessary to implement a prudent monetary policy in 2021, mainly of a restrictive nature, to achieve the inflation target around one digit in 2022. Angola's annual inflation rate surged for the 14th month to 25.1% in December of 2020, the highest since October of 2017, as the kwanza continued to depreciate due to the twin impact of Covid-19 and still subdued oil prices.
Angola Holds Key Interest Rate at 15.5%
The National Bank of Angola held its benchmark interest rate at 15.5 percent during its November meeting, with policymakers voicing concerns about the ongoing coronavirus-induced recession and rising inflationary pressure. Angola's consumer prices rose 24.34 percent in October, faster than 23.82 percent in the previous month, as the kwanza continued to depreciate due to the impact of Covid-19 and subdued oil prices.
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 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).