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.
Angola Hikes Benchmark Interest Rate as Central Bank Attempts to Tame Rising Inflation