On Tuesday, July 14 2026, Angola’s Central Bank has reduced its benchmark interest rate by 125 basis points to 15.75 per cent from 17.0 per cent, citing continued progress in lowering inflation despite uncertainties in the global economy.
The decision follows a 50-basis-point rate cut in May and comes after annual inflation eased to 10.11 per cent in June, down from 10.88 per cent in May and 19.73 per cent a year earlier.
Central Bank Governor Manuel Tiago Dias said inflation is expected to continue slowing in the coming months, although geopolitical tensions in the Middle East remain a risk. The bank also revised its year-end inflation forecast downward to 8.6 per cent from 11.5 per cent and slightly increased its 2026 economic growth projection to 3.6 per cent.
As an oil-exporting nation, Angola is expected to benefit from higher global energy prices. The central bank has also expanded its foreign exchange policy by allowing local banks to use the Chinese yuan to meet foreign currency reserve requirements.