According to the statement released after the Monetary Policy Committee (CPM) meeting, the BNA maintained the BNA Rate (reference for the market) at 19.5 percent, the Permanent Liquidity Provision Facility Interest Rate (loans granted to other banks) at 20.5 percent and the Permanent Liquidity Absorption Facility interest rate (rate at which deposits at the BNA are remunerated) at 17.5 percent.
“These decisions took into account the uncertain environment in the international scenario, which could negatively impact the national economy, despite the trajectory of reducing inflation remaining,” explained BNDES.
According to the BNA, the inflation rate fell to 22.32 percent in April 2025, influenced by greater availability of essential products, exchange rate stability and a monetary policy considered adequate.
However, the central bank notes that the price of oil — the state's main source of revenue — has been falling, with forecasts from the main agencies below 70 dollars per barrel for 2025, the assumption of the State General Budget for 2025.
The balance of the goods account recorded a monthly drop of 14.56 percent, from $1.36 billion in March to $1.16 billion in April 2025.
In accumulated terms, the balance stood at 5.27 billion dollars until April 2025, which represents a drop of 33.17 percent compared to the same period in 2024, when it reached 7.88 billion dollars.
The decline is related to the US$1.92 billion reduction in exports and the US$698.41 million increase in imports.
Net international reserves stood at US$15.48 billion, which guarantees coverage for 8.23 months of imports of goods and services.
The next meeting of the Monetary Policy Committee will be held in the city of Soyo, Zaire province, on July 17 and 18, 2025.
