Regulatory Alerts2019-05-29
Directive No. 02-DMA-2019, of May 30
The Governor, acting through the Department of Markets and Assets, reduces the BNA reference interest rate by 0.25 percentage points from 15.75% to 15.50% per annum, effective immediately upon issuance. This adjustment implements the Monetary Policy Committee’s decision from its eighty-seventh ordinary session held on May 24, 2019. The directive simultaneously revokes Directive No. 01/DMA/2019 and empowers the Department of Markets and Assets to resolve any interpretive doubts or omissions regarding its application.
DIRECTIVE NO. 02/ DMA/2019 Page 1 of 1 GOVERNOR DIRECTIVE NO. 02/ DMA/ 2019 ORIGIN: Department of Markets and Assets (DMA)
DATE 30/05/2019 SUBJECT: BNA Rate - Notice No. 12/2012 of April 02 Whereas it is necessary to adjust the BNA reference interest rate regulated under Notice No. 12/2012 of April 02; In accordance with the decision of the eighty-seventh ordinary session of the Monetary Policy Committee, held on May 24, 2019; This Directive serves to establish the following:
- The BNA Rate is reduced by 0.25 (zero point twenty-five percentage points), moving from 15.75% (fifteen point seventy-five percentage points) to 15.50% (fifteen point fifty percentage points) per annum.
- Doubts and omissions arising from the interpretation and application of this Directive are resolved by the Department of Markets and Assets.
- Directive No. 01/DMA/2019, of January 30, is hereby revoked.
- This Directive enters into force immediately. DEPARTMENT OF MARKETS AND ASSETS
Tânia Patrícia de Oliveira Mendes Lopes
- Director -