Regulatory Alerts2023-03-30
Directive No. 05-2023, of March 29
The Bank of Angola’s Markets Department, acting pursuant to the Monetary Policy Committee’s one hundred and tenth ordinary session, establishes the Basic Interest Rate (BNA Rate) at 17.00% per annum and sets the Permanent Lending Facility rate at 17.00% and the Liquidity Absorption Facility rate at 13.50%. The directive explicitly grants the Markets Department authority to resolve interpretive doubts and omissions, while simultaneously revoking Directive No. 02/DME/2023 and any conflicting provisions. This regulatory update takes immediate effect as of March 29, 2023, to align Angola’s monetary policy instruments with current economic conditions.
Share