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2023-01-23

Directive No. 02-DME-2023, dated January 23

The Governor, through the Markets Department, issued Directive No. 02/DME/2023 to set the Bank of Angola's Basic Interest Rate and Permanent Lending and Liquidity Absorption Facility rates at 18.00% and 14.00% per annum, respectively. Effective immediately upon the Monetary Policy Committee's January 20, 2023 decision, the directive revokes Directive No. 10/DME/2022 and empowers the Markets Department to resolve any interpretive ambiguities. This adjustment aligns key monetary policy benchmarks with current operational needs while maintaining regulatory continuity across financial market facilities.

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GOVERNOR DIRECTIVE NO. 02/DME/2023 ORIGIN: MARKETS DEPARTMENT (DME) DATE 23/01/2023 SUBJECT: FINANCIAL SYSTEM

  • Basic Interest Rate (BNA Rate) and Rates of the Permanent Lending (FCO) and Liquidity Absorption Facilities - Notice No. 11/2012 and Notice No. 12/2012, both dated April 02. Whereas it is necessary to adjust the Basic Interest Rate of BNA, and the interest rates of the Lending and Liquidity Absorption Facilities, regulated under Notice No. 11/2012 and Notice No. 12/2012, both dated April 02; In accordance with the decisions of the one hundred and nineteenth ordinary session of the Monetary Policy Committee, held on January 20, 2023; This Directive serves to establish the following:
  1. The Basic Interest Rate of BNA (BNA Rate) is set at 18.00% (eighteen percent) per annum.
  2. The Interest Rate of the Permanent Liquidity Lending Facility (FCO) is set at 18.00% (eighteen percent) per annum.
  3. The Interest Rate of the Permanent Liquidity Absorption Facility is set at 14.00% (fourteen percent) per annum.
  4. Doubts and omissions resulting from the interpretation and application of this Directive are clarified by the Markets Department;
  5. Directive No. 10/DME/2022, dated September 27, on the Basic Interest Rate and Permanent Lending and Liquidity Absorption Facilities, is hereby revoked, as well as all provisions contrary to this Directive.
  6. This Directive enters into force immediately. Luanda, January 23, 2023. MARKETS DEPARTMENT

Tânia Patrícia de Oliveira Mendes Lopes -Director-

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