Regulatory Alerts2025-10-01
Directive No. 09/2025, of September 30
The Governor of the National Bank of Angola, through the Markets Department, issues Directive No. 09/2025 to adjust key monetary policy interest rates following the September 15–16, 2025 Monetary Policy Committee meeting. The directive establishes the Base Interest Rate at 19.00%, the Permanent Liquidity Lending Facility rate at 20.00%, and the Permanent Liquidity Absorption Facility rate at 17.00%. All provisions enter into force upon publication, with interpretation and application disputes resolved by the Markets Department.
GOVERNOR DIRECTIVE NO. 09/2025 ORIGIN: MARKETS DEPARTMENT (DME) DATE 30/09/2025 SUBJECT: FINANCIAL SYSTEM
- Permanent Lending Facilities (FCO) and Liquidity Absorption Facilities – Notice No. 11/11, of October 20 Whereas it is necessary to adjust the interest rate of the Lending and Liquidity Absorption Facilities, regulated under Notice No. 11/11, of October 20; In accordance with the decisions of the 125th ordinary session of the Monetary Policy Committee (MPC), held on September 15 and 16, 2025; This Directive hereby establishes the following:
- The Base Interest Rate of the National Bank of Angola (BNA Rate) is set at 19.00% (nineteen percent);
- The Interest Rate of the Permanent Liquidity Lending Facility (FCL) is set at 20.00% (twenty percent);
- The Interest Rate of the Permanent Liquidity Absorption Facility (FAL) is set at 17.00% (seventeen percent);
- Doubts and omissions arising from the interpretation and application of this Directive shall be resolved by the Markets Department (DME);
- This Directive enters into force on the date of its publication. Luanda, September 30, 2025 MARKETS DEPARTMENT
Tania Patrícia de Oliveira Mendes Lopes -Director-
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