Angola Interest Rate

The benchmark interest rate in Angola was last recorded at 9.25 percent. Interest Rate in Angola is reported by the National Bank of Angola. Interest Rate in Angola averaged 52.20 Percent from 2002 until 2014, reaching an all time high of 150 Percent in February of 2002 and a record low of 9.25 Percent in November of 2013. 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. 2014-04-19

Actual Previous Highest Lowest Forecast Dates Unit Frequency
9.25 9.25 150.00 9.25 9.00 | 2014/06 2002 - 2014 Percent Monthly

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Angola Interest Rate
LIST BY COUNTRY


CALENDAR GMT Country Event Reference Actual Previous Consensus Forecast
2013-12-23 04:40 PM Angola
Interest Rate Decision
9.25% 9.25% 9.25%
2014-01-28 08:10 AM Angola
Interest Rate Decision
9.25% 9.25% 9.25%
2014-02-28 12:30 PM Angola
Interest Rate Decision
9.25% 9.25% 9.25%
2014-03-31 05:00 PM Angola
Interest Rate Decision
9.25% 9.25% 9.25%
2014-04-28 04:30 PM Angola
Interest Rate Decision
9.25% 9.25%
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Money Last Previous Highest Lowest Forecast Unit
Interest Rate 9.25 2014-03-31 9.25 150.00 9.25 9.00 2014-06-30 Percent [+]
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Angola Leaves Key Rate on Hold; Changes Lending and Absorption Facility Rates

At its March 31st, 2014 meeting, central bank of Angola decided to leave the benchmark interest rate on hold at 9.25 percent, but raised the liquidity absorption rate by 25 bps to 1.5 percent and cut the standing lending facility rate by 25 bps to 10 percent.

The central bank rose the liquidity absorption rate for the second straight meeting. Last month, it increased the rate by 50 bps, but kept the lending facility rate unchanged. 

Today’s moves aim to reduce the cost of financial intermediation, mainly the interest rates charged on credit to the economy. 

In February, the LUIBOR Overnight was recorded at 3.57 percent, lower than 4.15 percent in January, while maturities of 3 and 12 months were 7.45 percent and 9.44 percent, respectively.

Joana Taborda | joana.taborda@tradingeconomics.com
3/31/2014 6:04:03 PM

RECENT RELEASES

Angola Holds Key Rate Steady
At its February 2014 meeting, central bank of Angola decided to leave the benchmark interest rate on hold at 9.25 percent, while raising the liquidity absorption rate by 50 bps to 1.25 percent. The standing lending facility rate was kept unchanged at 10.25 percent. Published on 2014-02-28

National Bank of Angola Leaves Rate Unchanged at 9.25%
In its January 2014 meeting, the National Bank of Angola decided to leave the benchmark interest rate unchanged at 9.25 percent. It also decided to reduce the required reserve ratio in local currency from 15 percent to 12.5 percent, aiming to increase credit to the economy and reduce the cost of financial intermediation. Published on 2014-01-31


Interest Rate | Notes
The interest rate shown on this page refers to the central bank benchmark interest rate. Usually, the central bank benchmark interest rate is the overnight rate at which central banks make loans to the commercial banks under their jurisdiction. Moving the benchmark interest rate, the central bank is able to make an impact on interest rates of commercial banks, inflation level of the country and national currency exchange rate. Reduction of interest rates should bring increase in business activity, a rise in inflation rate and weakening of national currency. In case of increase in interest rates the level of business activity is likely to drop, inflation declines and national currency strengthens.


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Angolan Inflation Rate Down To 7.32% in March  
The annual consumer prices in Angola decelerated for the second consecutive month to 7.32 percent in March of 2014, from 7.48 percent recorded in February of 2014.
Angola Leaves Key Rate on Hold; Changes Lending and Absorption Facility Rates  
At its March 31st, 2014 meeting, central bank of Angola decided to leave the benchmark interest rate on hold at 9.25 percent, but raised the liquidity absorption rate by 25 bps to 1.5 percent and cut the standing lending facility rate by 25 bps to 10 percent.
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At its February 2014 meeting, central bank of Angola decided to leave the benchmark interest rate on hold at 9.25 percent, while raising the liquidity absorption rate by 50 bps to 1.25 percent. The standing lending facility rate was kept unchanged at 10.25 percent.
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In the first month of 2014, Angola’s annual inflation accelerated for the first time in eight months to 7.84 percent.
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In its January 2014 meeting, the National Bank of Angola decided to leave the benchmark interest rate unchanged at 9.25 percent. It also decided to reduce the required reserve ratio in local currency from 15 percent to 12.5 percent, aiming to increase credit to the economy and reduce the cost of financial intermediation.
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The National Bank of Angola decided on December 23rd to leave the benchmark interest rate unchanged at 9.25 percent, following last month’s cut. The Board kept its recommendation to take the LUIBOR as the benchmark interest rate on bank loans.
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In November of 2013, Angola annual inflation rate eased to 7.94 percent, from 8.38 percent in October. A year ago, the inflation rate slightly accelerated to 9.83 percent.
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The National Bank of Angola decided on November 25th to cut the benchmark interest rate for the second time this year by 50 bps to 9.25 percent, citing falling inflation. The Board kept its recommendation to take the LUIBOR as the benchmark interest rate on bank loans.
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