Regulatory Alerts2023-11-27
Directive No. 11/2023, dated November 24
The National Bank of Angola, acting through its Markets Department and Governor, sets the Basic Interest Rate at 18.00% per annum, fixes the Permanent Liquidity Lending Facility rate at 18.5%, and establishes the Permanent Liquidity Absorption Facility rate at 17.5%. This Directive revokes prior rates under Directive No. 08/DME/23, implements the Monetary Policy Committee's November decisions, and takes immediate effect. Failure to comply constitutes a punishable offense under Law No. 14/21, with all interpretive disputes resolved by the Bank.
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