Directive No. 08/DMA/2021 of July 6

GOVERNOR
DIRECTIVE NO. 08/DMA/2021
ORIGIN: ASSETS MARKETS DEPARTMENT (DMA)

DATE
06/07/2021
SUBJECT: FINANCIAL SYSTEM

• BNA Base Interest Rate (BNA Rate)
• Fa - Permanent Lending (FCO) and Liquidity Absorption Facilities –
  Notice No. 11/2011, dated October 20
  Whereas it is necessary to adjust the Interest Rate of the Lending and Absorption Facilities, regulated under Notice No. 11/2011, dated October 20; In accordance with the decisions of the one hundredth ordinary session of the Monetary Policy Committee (MPC), held on July 2, 2021; This Directive serves to establish the following:

1. The BNA Base Interest Rate (BNA Rate) is set at 20% (twenty percent) per annum;
2. The Interest Rate of the 7-day Liquidity Absorption Permanent Facility (FAL 7) is set at 15% (fifteen percent) per annum;
3. The Interest Rate of the Liquidity Lending Permanent Facility (FCO) and the reference rate for Rediscount operations is set at 25% (twenty-five percent) per annum.
4. Doubts and omissions arising from the interpretation and application of this Directive are clarified by the Assets Markets Department.
5. Directive No. 04/DMA/2021, dated April 1, is hereby revoked.
6. This Directive enters into force immediately.
   Luanda, July 6, 2021.
   ASSETS MARKETS DEPARTMENT

Tânia Patrícia de Oliveira Mendes Lopes
-Director-