Regulatory Alerts2019-01-29
Directive No. 01-DMA-2019, dated January 30
The Markets and Assets Department of the Banco Nacional de Angola reduces the BNA reference interest rate by 0.75 percentage points, lowering it from 16.50% to 15.75% per annum effective immediately. This adjustment follows the Monetary Policy Committee's decision on January 25, 2019, and aligns with Notice No. 10/2011 regarding reference rate regulations. The directive also grants the Markets and Assets Department authority to resolve interpretation disputes, revokes Directive No. 04/DMA/2018, and mandates immediate enforcement across all relevant financial operations.
DIRECTIVE NO. 01/DMA/2019 Page 1 of 1 THE GOVERNOR
DIRECTIVE NO. 01/DMA/2019 ORIGIN: Markets and Assets Department (DMA)
DATE 30/01/2019 SUBJECT: BNA Rate - Notice No. 10/2011, dated October 20
Whereas it is necessary to adjust the BNA reference interest rate regulated under Notice No. 10/2011, dated October 20; In accordance with the decision of the eightieth ordinary session of the Monetary Policy Committee, held on January 25, 2019; This Directive serves to establish the following:
- The BNA Rate is reduced by 0.75 percentage points (zero point seventy-five percentage points), moving from 16.50% (sixteen point fifty percent) to 15.75% (fifteen point seventy-five percent) per annum.
- Any doubts and omissions arising from the interpretation and application of this Directive shall be clarified by the Markets and Assets Department.
- Directive No. 04/DMA/2018, dated July 17, is hereby revoked.
- This Directive enters into force immediately.
Luanda, January 30, 2019. MARKETS AND ASSETS DEPARTMENT
Maria Cândida Sambingo -Director-