Regulatory Alerts2019-10-23
Directive No. 02-DMA-2019, dated October 24
The National Bank of Angola’s Markets and Assets Department issues Directive No. 02/DMA/2019 to adjust interest rates for permanent lending and liquidity absorption facilities following the Monetary Policy Committee’s October 23, 2019 decision. The directive maintains the BNA base interest rate at 15.50% per annum, sets the seven-day liquidity absorption facility (FAL7) rate at 10.00% per annum, and keeps the overnight facility (FAO) rate at 0.00% per annum. It immediately revokes Directive No. 08/DMA/2017 and enters into force upon issuance, with interpretation disputes resolved by the Markets and Assets Department.
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