The National Bank of Angola left its benchmark interest rate steady at 16.5 percent on its November 30th 2018 meeting. Policymakers said that the decision supports the disinflation path and the evolution of the monetary base and added that they will continue to monitor the level of liquidity of the system. The annual inflation rate fell to 18.04 percent in October from 19.21 percent in September. The reserve ratio in national and foreign currency were also left unchanged at 17 percent and 15 percent, respectively. Interest Rate in Angola averaged 41.16 percent from 2002 until 2018, 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 expected to be 16.50 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 16.00 in 12 months time. In the long-term, the Angola Interest Rate is projected to trend around 14.00 percent in 2020, according to our econometric models.