At its 127th meeting in Luanda on 13–14 January 2026, the National Bank of Angola’s Monetary Policy Committee eased monetary policy by cutting the BNA policy rate and the interest rate on its standing liquidity lending facility, while leaving the standing liquidity absorption facility rate unchanged. The decision was linked to a sustained deceleration in inflation and an expectation that this trend will continue in the coming months, even though inflation in December was above the objective set for 2025. The BNA policy rate was reduced to 17.5% from 18.5%, and the standing liquidity lending facility rate to 18.5% from 19.5%, with the standing liquidity absorption facility rate maintained at 16.5%. In its international assessment, the committee cited trade and geopolitical tensions in 2025 that increased financial market and commodity-price volatility, alongside a global disinflation process that led many central banks to adopt more accommodative monetary policy; it also noted Brent crude averaged USD 68.33 per barrel in 2025, down 14.41% from the previous year.
National Bank of Angola 2026-01-14
National Bank of Angola cuts BNA policy rate to 17.5% and lowers standing lending facility rate to 18.5%
The National Bank of Angola's Monetary Policy Committee cut the BNA policy rate to 17.5% and the standing liquidity lending facility rate to 18.5%, while keeping the standing liquidity absorption facility rate at 16.5%, due to sustained inflation deceleration. The committee noted global disinflation trends and geopolitical tensions affecting financial markets and commodity prices, with Brent crude averaging USD 68.33 per barrel in 2025.