National Bank of Angola keeps benchmark interest rates unchanged

27 June 2014

The National Bank of Angola decided to keep it benchmark interest rates unchanged, including its basic interest rate, known as the BN rate at 9.25 percent, the central bank said in Luanda.

The permanent liquidity and absorption facilities were kept at 10 percent and 1.75 percent, respectively, according to decisions made at the latest meeting of the bank’s Monetary Policy Committee.

In May, according to the statement, Luibor (Luanda Interbank Offered Rate) stood at 2.69 percent for “overnight” and at 7.33 percent and 9.6 percent for 3 and 12 months, respectively.

In the primary foreign exchange market, the benchmark exchange rate remained stable at 97.66 kwanzas to the US dollar, the Angolan central bank said. (macauhub/AO)