PrintAngola central bank cuts policy rate by another 50 basis points
BY Reuters | ECONOMIC | 11/18/25 10:16 AM ESTNov 18 (Reuters) - Angola's central bank cut its main interest rate by 50 basis points to 18.5%, its website showed on Tuesday.
The second consecutive 50-basis-point rate cut comes after inflation fell below the bank's year-end target in October, reaching 17.43% year on year whereas it had hoped to get it to 17.5% by year-end.
As well as bringing down inflation, Angola's government is trying to bolster public finances by cutting subsidies and opening up its state-dominated economy to more private investment.
In its
draft 2026 budget
presented last month, it said it aimed to cut total expenditure by about 5% next year, helping narrow its budget deficit to 2.8% of gross domestic product from an estimated 3.3% in 2025.
The budget projected economic growth would accelerate to 4.2% in 2026, up from 3% this year.
(Reporting by Anathi Madubela; Additional reporting by Miguel Gomes; Editing by Alexander Winning)
