Angola Interest Rate

Last Release

Mar 15, 2024

Actual

Units In

Frequency

Daily

Next Release

May 17, 2024

Time to Release

2 Months 0 Days 13 Hours

Highest	Lowest	Average	Date Range	Source
150 Jan 2002	8.75 Jul 2014	35.28 %	2002-2024	National Bank of Angola

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).

Latest Updates

The National Bank of Angola raised by 100 bps to 19% during its meeting on March 15th, 2024, marking the highest level since December 2022, after keeping it steady at 18% in January. The decision was aimed at curbing persistent inflationary pressures. The annual inflation rate in Angola accelerated for the 10th straight month to 24.07% in February 2024, the highest in almost two years. Meanwhile, the central bank expects an inflation rate of 19% this year, while the Government is more optimistic, anticipating a rate of 15.3%.