Angola Cuts Policy Rate to 17%

2026-05-14 15:27 By Luisa Carvalho 1 min. read

The National Bank of Angola cut its key interest rate by 50 bps to 17% during its May 2026 meeting, following a pause in March.

The decision was driven by the recent benign inflation trajectory and expectations of subdued inflationary pressures in the near term, alongside the need to support economic activity amid heightened global uncertainty linked to the ongoing Middle East conflict.

Inflation fell to 11.58% in April from 12.42% in March, its lowest level since June 2023, extending the disinflation trend observed since mid-2024.

Against this backdrop, the Monetary Policy Committee (MPC) lowered its 2026 inflation forecast to 11.5% while maintaining its GDP growth projection at 3.5%.



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Angola Cuts Policy Rate to 17%
The National Bank of Angola cut its key interest rate by 50 bps to 17% during its May 2026 meeting, following a pause in March. The decision was driven by the recent benign inflation trajectory and expectations of subdued inflationary pressures in the near term, alongside the need to support economic activity amid heightened global uncertainty linked to the ongoing Middle East conflict. Inflation fell to 11.58% in April from 12.42% in March, its lowest level since June 2023, extending the disinflation trend observed since mid-2024. Against this backdrop, the Monetary Policy Committee (MPC) lowered its 2026 inflation forecast to 11.5% while maintaining its GDP growth projection at 3.5%.
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