Regulatory Alerts2024-06-06
Directive No. 03/DME/2024 on the Financial System - Standing Facilities for Lending and Liquidity Absorption
The Department of Markets, acting under the Governor, issues Directive No. 03/DME/2024 to immediately adjust Angola's financial system interest rates following the Monetary Policy Committee's May 2024 decisions. The directive establishes a BNA Base Interest Rate of 19.5%, sets the Standing Facility for Lending at 20.5%, and fixes the Liquidity Absorption facility rate at 18.5%. It simultaneously revokes Directive No. 02/2024, enforces compliance under Law No. 14/21, and grants the Department of Markets final authority to resolve interpretive disputes.
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