Search

Angola rate cut signals easing inflation, steadier outlook for oil producer

A farmer on the field in Lunda Norte Province, Angola. Photo by Yolande Conradie @ Unsplash
A farmer on the field in Lunda Norte Province, Angola. Photo by Yolande Conradie @ Unsplash
  • Central bank delivers largest rate cut since 2023 at 17.5%
  • Inflation nearly halves, growth outlook improves

 

LUANDA, ANGOLAAngola’s central bank cut its benchmark interest rate by 100 basis points, citing sharply slowing inflation and steadier domestic conditions as Africa’s second-largest oil producer presses ahead with monetary easing.

After its first Monetary Policy Committee meeting of the year, the National Bank of Angola (BNA) reduced the BNA Rate to 17.5% from 18.5%. It also cut the permanent liquidity provision facility rate to 18.5% from 19.5%, while keeping the liquidity absorption rate unchanged at 16.5%.

This article is free to read.

Sign up for free or sign in to continue
reading. Unlike our competitors, we don't force you to pay
to read the news but we do need your email address to
make your experience better.

Create your free account or sign in


Recent Business

Cocoa pod and beans outdoors. Photo by Ákos Helgert @ Pexels
How Nigeria's cocoa strategy could end decades of oil dependence
Read More »
A vibrant display of traditional dance in Botswana. Photo by Xitsundzuxo Himina @ Pexels
Why Botswana’s inflation surge signals wider risks for commodity economies
Read More »
Molten metal pouring from ladle in industrial foundry. Photo by Bence Szemerey @Pexels
Can Kipushi’s zinc boom in Congo redraw Africa’s commodity power balance?
Read More »

Recent Politics

Chief Executive of Dangote Industries Limited, Aliko Dangote. Photo: Dangote Industries LinkedIn/Water Forward Event
How Dangote's $11.6bn pledge reshapes Africa's billionaire succession model
Read More »
A vibrant city street in Mali. Photo by Faruk Tokluoğlu @ Pexels
Is Mali's debt strategy becoming West Africa's biggest gamble?
Read More »
Urban Johannesburg, South Africa. Photo @ Pixabay
Can $1.5bn World Bank loan revive South Africa's stalled economy?
Read More »

Latest Posts

Latest news insights