Ангола - Процентная ставка

The National Bank of Angola left its benchmark interest rate unchanged at 15.50 percent during its October extraordinary meeting, saying that in order to consolidate the new floating exchange rate regime introduced in 2018, it was decided to remove the 2 percent margin on the reference exchange rate used by commercial banks in trading foreign currency in the interbank market and their customers. Among other measures, the bank also opted to maintain the 0 percent interest rate for the overnight liquidity-absorbing facility and adjust the reserve requirement ratio for national currency from 17 percent to 22 percent, in a bid to reduce the excess of Kwanzas in the market. Regarding the impact of the exchange rate liberalization on prices, the bank hopes it will be softened by the adoption of a measure allowing importers who use letters of credit to not have to wait 90 days to make payments abroad.

The National Bank of Angola left its benchmark interest rate unchanged at 15.50 percent during its October meeting, saying the annual inflation reversed its downward trend while the monetary base in national currency contracted. Inflation rate increased 17.50 percent in August from 17.24 percent in July, the first rise in seven months.

The National Bank of Angola held its benchmark interest rate at 15.50 percent during its July meeting, saying annual inflation continued its downward trend, although the monetary base in national currency increased by 3.28 percent in June. Inflation rate dropped to 16.94 percent, the lowest level since January 2016, from 17.14 percent in May.

The National Bank of Angola lowered its benchmark lending rate by 25bps to 15.50 percent during its May meeting, citing a slowdown in inflation. Consumer price inflation fell to 17.56 percent in April, the lowest level since January 2016.

The National Bank of Angola held its benchmark interest rate unchanged at 15.75 percent at its April 1st 2019 meeting as the inflation rate should continue to decline and the economic activity is expected to recover. Annual National inflation rate dropped to 3 year low of 17.96 percent in February while month over month figure was at 1.04 percent, the lowest level since November 2017. The liquidity absorption facility rate was left on hold at 0 percent and the reserve ratios in both national and foreign currency were also kept at 17 percent and 15 percent, respectively.

The National Bank of Angola cut its benchmark interest rate by 75 points to 15.75 percent on its January 25th 2019 meeting, bringing it to the lowest rate since mid-2016. Policymakers mentioned a slowdown in inflation during 2018 and a 10.7 percent decline in the monetary base in the last twelve months. National inflation rate rose to 18.60 percent in December from 18.36 percent in November, staying above that registered in Luanda (18.21 percent). The liquidity absorption facility rate was left on hold at 0 percent and the reserve ratios in both national and foreign currency were also left unchanged at 17 percent and 15 percent, respectively.