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Angola Hikes Benchmark Interest Rate as Central Bank Attempts to Tame Rising Inflation The Angolan central bank’s monetary policy committee (MPC) recently hiked the country’s benchmark interest rate from 15.5% to a record of 20%. The largely unexpected hike, which is one of the National Bank of Angola (NBA)’s attempts to curb inflation, marks the first time the benchmark rate has been increased since November 2017. Rising Inflation a Threat to Angola’s Growth According to a Bloomberg report, the MPC was compelled to bring forward the meeting that ultimately sanctioned the rate hike due to an “evolution of the main indicators.” These indicators, according to the NBA governor, Jose de Lima Massano posed a threat to Angola’s growth trajectory. He explained:

Tiago dionisioNational bankCentral bank exchange rate stability concernAngola hikes benchmark interest rateCentral bank attemptsTame rising inflationJose de lima massanoInstituto nacional de estatisticaLisbon based eaglestone advisoryதியகோ டையநிஸியோதேசிய வங்கி