Africa-Press – Angola. The decrease of the inflation rate from the current 22% to 17.5%, by December this year, remains one of the goals of the National Bank of Angola (BNA), aiming to reduce the prices of goods and services in the national economy.
The fact was reaffirmed on Monday, in Luanda, by the governor of the Central Bank, Manuel Tiago Dias, during the closing ceremony of the 19th edition of the Banking in Analysis Study, promoted by the consulting firm Delloite, and stressed that the achievement of this goal will represent a drop of 10% compared to the year 2024.
On the occasion, the manager reiterated that the BNA continues to promote price stability in the economy, with the aim of strengthening confidence in the national currency and creating favorable conditions for investment in the real sector of the economy.
He added that this work made it possible to establish favourable conditions for a downward trajectory of the inflation rate in 2024, which fell from 31.1% (July 2024) to 27.5%.
On the other hand, the central bank manager considered the current banking market solid and dynamic, with emphasis on the increase in the loan portfolio to the economy in national currency, which grew by around 32% in 2024 and 33% at an annual pace until April 2025.
According to the governor, this dynamic was reflected in the effects of credit incentive measures and, consequently, in the impact on net income, with a growth of 19.5% at the end of 2024 and 27.9% in the first quarter of 2025.
“We are carrying out a crisis simulation exercise at the level of the financial system, with the support of the World Bank and the International Monetary Fund, in order to align the banking system, in particular, with international good practices,” he said.
Manuel Tiago Dias also highlighted the consolidation of the growth of economic activity in the country, with the Gross Domestic Product (GDP) growing 4.4%, influenced by the oil sector.
He said that, for 2025, GDP growth is expected to be around 4.1%.
The 19th edition of the Banking in Analysis study revealed development in the Angolan banking sector in 2024, highlighting the fact that some of the main aggregates showed moderate growth, with total assets in the sector growing by around 3% and deposits raised by almost 1.8%.
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