Regulatory Alerts2015-01-28
Regulation (NAP) - Change in Reference Interest Rate and Liquidity Provision Facility Interest Rate
The Central Bank of São Tomé and Príncipe issued Permanent Application Norm (NAP) No. 03/2015 to adjust monetary policy rates effective February 2, 2015. The regulation establishes a new reference interest rate of 10% and sets the liquidity provision facility interest rate at 12.5% to stimulate financial intermediation and credit to the economy. It simultaneously repeals NAP No. 11 of 2014 and specific provisions of NAP No. 08 of 2013 to align with the central bank's 2015 macroeconomic objectives.
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