Angola’s central bank lowered its benchmark lending rate by 100 basis points to 14.75% on 15 September. It was the third consecutive reduction, Reuters reported. Annual inflation had slowed to 8.78% in August from 9.33% in July.
The decision followed reductions in May and July. The Banco Nacional de Angola linked the easing to the downward trend in inflation and its projected evolution in the short and medium term. Monthly inflation was 0.59% in August.
RESERVE REQUIREMENTS ALSO REDUCED
The committee reduced banks’ local-currency reserve requirement from 17.5% to 16.5%.
The central bank retained its year-end inflation projection of 8.6%, with a one-percentage-point range on either side.
GROWTH OUTLOOK AND NEXT MEETING
It raised its 2026 growth forecast to 6.15%, from 3.6%. Second-quarter GDP grew 8.74% year on year, with the non-oil sector expanding 9.24% and the oil sector 5.64%.
The next policy meeting is scheduled for 16–17 November in Saurimo, Lunda-Sul province.