Angola Interest Rate

The benchmark interest rate in Angola was last recorded at 8.75 percent. Interest Rate in Angola averaged 51.06 Percent from 2002 until 2014, 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 reported by the National Bank of Angola.


Angola Interest Rate

Actual Previous Highest Lowest Dates Unit Frequency
8.75 9.25 150.00 8.75 2002 - 2014 Percent Monthly
In Angola, interest rates decisions are taken by The National Bank of Angola (Banco Nacional de Angola). The official interest rate is the Taxa Básica de Juro (Taxa BNA). Until October 2011 the official interest rate was the Discount Rate (Taxa de Redesconto). This page provides - Angola Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Angola Cuts Key Interest Rate

At its July 28th meeting, the Central Bank of Angola decided to cut its benchmark interest rate by 50 bps to 8.75 percent aiming to stimulate credit to the economy as policymakers expect the inflation rate to decrease further.

It was the first time the central bank cut its key interest rate since November of 2013. The standing lending facility rate was reduced by 25 bps to 9.75 percent following a 25 bps cut in March. The liquidity absorption facility was also left on hold at 1.75 percent, following three rate hikes this year for a total increase of 100 basis points.

The annual inflation rate slowed slightly to 6.89 percent in June from 6.95 percent in May and the monthly rate eased to 0.57 percent.  

The central bank also said the LUIBOR overnight stood at 2.94 percent in June, down from 2.96 percent in the previous month. Credit to the economy surged 14.56 percent and the average exchange rate was recorded at 97.82 kwanzas per dollar.

Joana Taborda |
7/29/2014 11:26:50 AM

Recent Releases

Angola Leaves Rates on Hold
At its June 24th, 2014 meeting, Central Bank of Angola left its key policy rate unchanged at 9.25 percent for the seventh consecutive meeting. Published on 2014-06-25

Angola Raises Liquidity Absorption Facility
At its May 26th, 2014 meeting, Angola’s central bank kept its key policy rate unchanged at 9.25 percent, but raised its liquidity absorption facility rate by 25 bps to 1.75 percent. Published on 2014-05-27

Calendar GMT Country Event Reference Actual Previous Consensus Forecast
2014-04-28 07:30 PM Angola
Interest Rate Decision
9.25% 9.25% 9.25%
2014-05-26 07:30 PM Angola
Interest Rate Decision
9.25% 9.25% 9%
2014-06-24 08:30 PM Angola
Interest Rate Decision
9.25% 9.25% 9.25%
2014-07-28 07:50 PM Angola
Interest Rate Decision
8.75% 9.25% 9.25%
2014-08-25 07:00 PM Angola
Interest Rate Decision
8.75% 9.25%

Money Last Previous Highest Lowest Unit
Interest Rate 8.75 9.25 150.00 8.75 Percent [+]

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