Angolan central bank hikes again amid soaring inflation

Valter Filipe Duarte da Silva, new central bank governor

The Central Bank of Angola raised interest rates by 200 basis points to 14% at its latest meeting, it said on March 29, citing soaring inflation as a major concern.

Inflation is a far cry from the bank's target of 7–9%, rising to 20.26% in February. Weaker oil prices and the depreciating currency are the main pressures contributing to inflation; the kwanza has lost almost 17% of its value against the US dollar since the start of the year.

The International Monetary Fund, in its latest article IV

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here:

You are currently unable to copy this content. Please contact [email protected] to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

If you already have an account, please sign in here.

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: