With a basic interest rate at 20%, the country occupies, together with Liberia, the 7th position in the list of economies with the highest interest rates, in a universe of 168 countries analysed.
Angola is among the 10 countries with the highest key interest rates in the world, according to an article published by the newspaper Mercado, which cites as sources data made available by the Central Banks and Trading Economics, until July this year.
At a recent meeting, the Monetary Policy Committee (CPM) of the National Bank of Angola (BNA) decided to keep the basic interest rate (BNA Rate) at 20 percent.
According to Mercado, the ranking of the 10 countries with the highest interest rates in the world is led by Zimbabwe, after that country’s central bank raised the key interest rate from 80% to 200% in order to try to control galloping inflation, which exceeded 200% in July of this year.
Second place is occupied by Argentina, with a basic interest rate set at 60% in July, marking the seventh rise this year, followed by Venezuela with a rate of 56%.
The top 10 countries with the highest rates are Yemen (52%), Ukraine (25%), Sudan (23.8%), Angola (20%), Liberia (20%), Ghana (19%) and Moldova (18.5%).
If we compare the rates on each continent, Zimbabwe, by having the highest rate in the world, also has the highest rate on the African continent. This is followed by Sudan, Liberia, Angola and Ghana, which constitute the top 5 countries with the highest rates in Africa.
08/09/2022
