Regulatory Alerts2024-04-02
Directive No. 02/2024, of March 25
Issued by the Governor through the Markets Department, this directive immediately adjusts key monetary policy rates, setting the Basic Interest Rate at 19.00%, the Permanent Liquidity Lending Facility rate at 19.5%, and the Absorption Facility rate at 18.5% per annum. It revokes Directive No. 11/2023, assigns interpretative authority to the Markets Department, and establishes non-compliance as a punishable offense under Financial Institutions Law No. 14/21. The rate adjustments align with the Monetary Policy Committee's March 2024 decisions and take immediate effect.
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