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2011-10-31

Banco Nacional de Angola Notice No. 10/2011 of October 25

The Central Bank of Angola issued Notice No. 10/2011 to formally establish its Base Interest Rate (BNA Rate) as the primary tool for signaling monetary policy objectives and setting interbank interest rate benchmarks. The Monetary Policy Committee will determine this rate monthly, with publication occurring via the Bank's website or other public channels. Any interpretive questions regarding this Notice fall under the jurisdiction of the Bank's Asset Markets Department, and the regulation takes immediate effect upon publication.

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CENTRAL BANK OF ANGOLA

NOTICE NO. 10/2011

of October 25

OFFICE OF THE GOVERNOR

SUBJECT: MONETARY POLICY - Base Interest Rate - BNA Rate

Considering the need to institutionalize the Base Interest Rate of the Central Bank of Angola - BNA Rate, to signal monetary policy objectives to the market;

Pursuant to Article 51 of Law 16/10, dated July 15, the Central Bank of Angola Act,

I DETERMINE:

  1. The Base Interest Rate of the Central Bank of Angola - BNA Rate, is hereby established.

  2. The BNA Rate is an interest rate aimed at signaling monetary policy orientation to the market and serves as a reference for the formation of interbank interest rates.

  3. The BNA Rate is defined monthly by the Monetary Policy Committee (MPC) of the Central Bank of Angola and published via the BNA's website or other public communication channels.

  4. Questions and omissions arising from the interpretation of this Notice shall be clarified by the Asset Markets Department of the Central Bank of Angola.

CENTRAL BANK OF ANGOLA

OFFICE OF THE GOVERNOR

  1. This Notice enters into force immediately.

PUBLISH

Luanda, October 25, 2011.

THE GOVERNOR

(Signature)

JOSÉ DE LIMA MASSANO

NOTICE NO. 10/2011

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