Regulatory Alerts2023-07-21
Directive No. 08/2023 of July 19
The Bank of Angola, through its Markets Department and Monetary Policy Committee, has issued Directive No. 08/2023 to establish the nation's core monetary policy rates effective immediately upon publication. This directive fixes the Basic Interest Rate (BNA Rate) at 17.00% per annum, sets the Permanent Lending Facility rate at 17.50% per annum, and establishes the Liquidity Absorption Facility rate at 13.50% per annum. Additionally, it revokes the prior Directive No. 05/DME/2023 and reserves interpretative authority for the Bank of Angola to resolve any arising doubts or omissions.
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