Angola Slashes Key Policy Rate to 18.5%

2025-11-18 15:40 By Luisa Carvalho 1 min. read

The National Bank of Angola cut its key interest rate by 50 bps to 18.5% at its November 2025 meeting, marking the second consecutive reduction this year.

The decision reflects improving macroeconomic conditions, particularly slowing inflation, and monetary indicators pointing to reduced short-term inflationary pressures.

Angola’s annual inflation rate continued to fall to reach 17.43% in October 2025, the lowest since October 2023, extending the downward trend that began in August 2024.

Policymakers noted that inflation is expected to keep decelerating through year-end, supported by adequate liquidity, greater availability of essential goods, and relative exchange-rate stability.

For 2025, inflation is projected at 17.0%, with a margin of ±0.5 percentage points, while preliminary forecasts for 2026 point to a further decline to 13.5%.

The lending facility rate was lowered to 19.5% from 20%, and the absorption facility rate to 16.5% from 17%.



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Angola Slashes Key Policy Rate to 18.5%
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