Angola’s central bank has revised its 2026 inflation forecast sharply downward to 8.6% and lifted its economic growth projection to 3.6%, Governor Manuel Tiago Dias announced at the close of the 130th Ordinary Meeting of the Monetary Policy Committee (MPC) on Tuesday, 14 July, held in the northern province of Malanje — the same session in which the National Bank of Angola (BNA) cut its benchmark rate from 17% to 15.75%.
“With no inflationary pressures foreseen in the coming months, the Monetary Policy Committee has revised its inflation projection down to 8.6% at end-2026, with a margin of plus or minus one percentage point,” Dias said. The revision marks a substantial shift: at the MPC’s previous meeting in May in Luanda, the BNA had projected inflation at 11.5% — more than two percentage points above the new estimate.
The latest data from Angola’s National Statistics Institute (INE) show year-on-year inflation at 10.11% in June, down from 19.73% in the same month a year earlier, confirming a price deceleration trend that has now extended for 23 consecutive months.
The BNA also raised its GDP growth forecast for the year, edging it up from 3.5% to 3.6%, citing a positive contribution from the non-oil sector, which is estimated to expand by 4.32%.
Source: Mercado
