Angola cuts benchmark rate to 18.5% as inflation falls

• Angola lowers benchmark rate to 18.5% as inflation cools
• Central bank flags easing price pressures but rising growth risks

LUANDA, ANGOLA – Angola cut its key interest rate on Tuesday as inflation continued to fall, signalling a further shift toward looser monetary conditions.

The National Bank of Angola (BNA) reduced its benchmark rate to 18.5% from 19.0%, trimmed the overnight lending rate to 19.5% and lowered the overnight absorption rate to 16.5%, following a two-day Monetary Policy Committee meeting. It marks the second rate cut this year and the lowest policy level since late 2023.