2025.07.1814:19:43UTC+00Angola Holds Key Rate at 19.5%

The National Bank of Angola decided to keep its key interest rate steady at 19.5% during its meeting in July 2025. This marks the fourteenth month in a row that borrowing costs have remained at this elevated level, the highest since December 2022. However, the central bank sustained the interest rate for the Permanent Liquidity Provision Facility at 20.5% and for the Permanent Liquidity Absorption Facility at 17.5%. Additionally, it lowered the reserve requirement ratio for the national currency by 100 basis points, bringing it down to 18%. These measures are designed to enhance liquidity within Angola's financial system, with the objective of supporting economic growth above the 3% target. The nation’s GDP is projected to have grown by 4.4% in 2024, exceeding the oil sector's 3.61% growth rate. In terms of inflation, the annual rate decelerated to 19.73% in June 2025, down from 20.74% in May.