The National Bank of Angola held a presentation session for economic operators and the academic community on the balance and outlook for monetary and exchange rate policy, following the 127th regular meeting of its Monetary Policy Committee held in Luanda on 13–14 January. The central bank reported end-2025 inflation of 15.70%, down from 27.50% in 2024, and estimated 2025 GDP growth of 2.6%, with the non-oil sector growing 4.3% and the oil sector contracting 4.6%. International reserves stood at USD 15,903.69 million versus USD 15,767.56 million a year earlier, while domestic-currency credit to the economy reached AOA 7.37 trillion in December 2025, up 22.55% (AOA 1.36 trillion) from December 2024. For 2026, the National Bank of Angola projected end-period inflation of 13.5% and GDP growth around 3.5%, led by non-oil growth of 4.5% and oil growth of 1.1%, supported by maintaining liquidity at levels consistent with economic growth, relatively stable international food commodity prices, and a favourable evolution in domestic supply of widely consumed goods.
National Bank of Angola 2026-01-16
National Bank of Angola reviews 2025 monetary and exchange policy outcomes and projects 13.5% inflation in 2026
The National Bank of Angola reported a decrease in inflation to 15.70% at the end of 2025 and projected further reduction to 13.5% in 2026, with GDP growth expected to rise to 3.5%, driven by non-oil sector expansion. International reserves increased slightly to USD 15,903.69 million, and domestic-currency credit grew by 22.55% to AOA 7.37 trillion.