Regulatory Alerts2017-06-28
Regulation (NAP) - Amendment of Key Interest Rates of the Central Bank of São Tomé and Príncipe
The Central Bank of São Tomé and Príncipe issued Permanent Applicable Regulation No. 10/2017 to amend its key interest rates, fixing the reference rate at 9% and the liquidity provision facility rate at 11%. This adjustment corrects an excessively high spread between active and passive rates, thereby stimulating financial intermediation, private investment, and economic activity. The regulation aligns monetary policy with fiscal expenditure containment and officially entered into force on June 28, 2017.
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