Zambia and Angola announce rate cuts, boosting the construction industry
Zambia and Angola have both announced interest rate cuts to stimulate economic growth and support the construction industry. Zambia reduced its benchmark interest rate to 13.25%, while Angola cut its key interest rate to 17%. These measures aim to improve borrowing conditions and encourage investment in both countries.
- ▪Zambia lowered its benchmark interest rate by 25 basis points to 13.25% in May 2026.
- ▪Angola's National Bank cut its key interest rate by 50 basis points to 17% during its May 2026 monetary policy meeting.
- ▪Both countries are experiencing slowing inflation, which is expected to boost consumer spending and business expansion.
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Zambia and Angola announce rate cuts, boosting the construction industry GlobalData Wed, May 20, 2026 at 8:33 AM PDT 5 min read In mid-May 2026, Zambia and Angola both announced interest rate cuts to support economic growth, improve borrowing conditions, and encourage investment activity. Zambia lowered its benchmark interest rate by 25 basis points to 13.25% in May 2026 after easing inflation, currency stability, and expectations of a stronger maize harvest boosted confidence in the economy. Angola has also shifted toward looser monetary policy to stimulate business activity and support domestic growth, with both countries aiming to strengthen economic momentum and improve financing conditions for industries and infrastructure development.
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