Directive No. 03/DME/2024 on the Financial System - Standing Facilities for Lending and Liquidity Absorption

GOVERNOR DIRECTIVE NO. 03/DME/2024 ORIGIN: DEPARTMENT OF MARKETS (DME)

DATE 05/06/2024 SUBJECT: FINANCIAL SYSTEM

• Standing Facilities for Lending (FCO) and Liquidity Absorption – Notice No. 11/2011, of October 20

Given the need to adjust the interest rate of the Standing Facilities for Lending and Liquidity Absorption, regulated under Notice No. 11/2011, of October 20;

In accordance with the decisions of the 117th ordinary session of the Monetary Policy Committee, held on May 16 and 17, 2024;

This Directive serves to establish the following:

1. The BNA Base Interest Rate (BNA Rate) is set at 19.5% (nineteen point five percent);
2. The Interest Rate for the Standing Facility for Lending of Liquidity (FCO) is set at 20.5% (twenty point five percent);
3. The Interest Rate for the Standing Facility for Absorption of Liquidity (FAL) is set at 18.5% (eighteen point five percent);
4. Directive No. 02/2024, of March 25, on the Base Interest Rate and Standing Facilities for Lending and Liquidity Absorption, is revoked.
5. Doubts and omissions arising in the interpretation and application of this Directive shall be clarified by the Department of Markets.
6. Non-compliance with the provisions of this Directive constitutes an offense provided for and punishable under Law No. 14/21, of May 19, the General Regime Law for Financial Institutions.
7. This Directive enters into force immediately. Luanda, June 05, 2024. DEPARTMENT OF MARKETS

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Tânia Patrícia de Oliveira Mendes Lopes -Director-