CENTRAL BANK OF ANGOLA

NOTICE NO. 10/2011

of October 25

OFFICE OF THE GOVERNOR

SUBJECT: MONETARY POLICY
- Base Interest Rate - BNA Rate

Considering the need to institutionalize the Base Interest Rate of the Central Bank of Angola - BNA Rate, to signal monetary policy objectives to the market;

Pursuant to Article 51 of Law 16/10, dated July 15, the Central Bank of Angola Act,

I DETERMINE:

1. The Base Interest Rate of the Central Bank of Angola - BNA Rate, is hereby established.

2. The BNA Rate is an interest rate aimed at signaling monetary policy orientation to the market and serves as a reference for the formation of interbank interest rates.

3. The BNA Rate is defined monthly by the Monetary Policy Committee (MPC) of the Central Bank of Angola and published via the BNA's website or other public communication channels.

4. Questions and omissions arising from the interpretation of this Notice shall be clarified by the Asset Markets Department of the Central Bank of Angola.

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CENTRAL BANK OF ANGOLA

OFFICE OF THE GOVERNOR

5. This Notice enters into force immediately.

PUBLISH

Luanda, October 25, 2011.

THE GOVERNOR

(Signature)

JOSÉ DE LIMA MASSANO

NOTICE NO. 10/2011