Key data points
Last release
—
Observation period
Nov 19, 2024
Next release
—
Forecast
—
Highest
150.00 % on Dec 31, 2003
Lowest
8.75 % on Sep 29, 2014
About Angola interest rate
In Angola, interest rate decisions are taken by The National Bank of Angola (Banco Nacional de Angola). On May 24th 2018, the central bank unified the marginal lending facility rate and the basic interest rate, creating the BNA Rate (Taxa BNA) which became the new benchmark interest rate. Until then, the key rate was the Taxa Básica de Juro (Taxa BNA) and until October 2011 the official interest rate was the Discount Rate (Taxa de Redesconto).
Related indicators
Frequently Asked Questions
Angola interest rate is 19.5% at the moment.
Last month Angola interest rate was 19.5%, and the month before that it amounted to 19.5%.
Interest rate is the proportion of a loan that is charged as interest to the borrower, typically an annual percentage of the loan outstanding. When it comes to the national level, interest rate is a rate at which banks borrow money from a country's central bank.
Yes, negative interest rate can be used by the government as a monetary policy tool to stimulate economy growth.
Growing or falling interest rate can influence the country's economy, stimulate it or lower the inflation level. Even people can feel the effect of interest rate's movements — for example, if interest rate increases, loans get more expensive.