The National Bank of Angola is in charge of making interest rate decisions in the country (Banco Nacional de Angola). On May 24th, 2018, the central bank merged the marginal lending facility rate and the basic interest rate, resulting in the creation of the BNA Rate (Taxa BNA), which was adopted as the country's new benchmark interest rate. Until then, the Taxa Bsica de Juro (Taxa BNA) served as the primary interest rate, while the Discount Rate (Taxa de Redesconto) served as the official interest rate until October 2011.
A higher than expected figure should be seen as positive (bullish) for the AOA while a lower than expected figure should be seen as negative (bearish) for the AOA.
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors.
Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance.
You could lose some or all of your initial investment. Do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions.
Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice.
Past performance is not indicative of future results.