Directive No. 07-DME-2022, August 1

GOVERNOR
DIRECTIVE NO. 07/DME/ 2022
SOURCE: MARKETS DEPARTMENT (DME)

DATE
01/08/2022
SUBJECT: FINANCIAL SYSTEM

• Basic Interest Rate (BNA Rate)
• Facility - Permanent Lending Facilities (FCO) and Liquidity Absorption –
  Notice No. 11/2011, of October 20
  Whereas it is necessary to adjust the interest rate of the Lending and Liquidity Absorption Facilities, regulated under Notice No. 11/2011 of October 20; In accordance with the decisions of the one hundred and sixth ordinary session of the Monetary Policy Committee, held on July 28, 2022; This Directive serves to establish the following:

1. The Basic Interest Rate of the BNA (BNA Rate) is set at 20% (twenty percent) per annum;
2. The Interest Rate of the Permanent Liquidity Absorption Facility is set at 15% (fifteen percent) per annum;
3. The Interest Rate of the Permanent Lending Facility (FCO) is set at 23% (twenty-three percent) per annum;
4. Doubts and omissions arising from the interpretation and application of this Directive shall be clarified by the Markets Department;
5. Directive No. 08/DMA/2021 of July 6, concerning Permanent Lending Facilities (FCO) and Liquidity Absorption, is hereby revoked;
6. This Directive enters into force immediately.
   Luanda, August 1, 2022.
   MARKETS DEPARTMENT

Tânia Patrícia de Oliveira Mendes Lopes
-Director-