Directive No. 01-DMA-2017 of May 30, 2017

Whereas it is necessary to adjust the interest rates for the Permanent Facilities for Lending and Absorption of Liquidity, regulated under Notice No. 11/2011 of October 20;

In accordance with the decision of the fifty-fourth ordinary session of the Monetary Policy Committee, held on May 30, 2017;

This Directive serves to establish the following;

1. The Interest Rate of the Permanent Liquidity Lending Facility (FCO) remains at 20.00% per annum.

2. The Interest Rate of the Permanent Seven-Day Liquidity Absorption Facility (FAL7) is reduced by 2 (two) percentage points, moving from 7.25% per annum to 5.25% per annum.

3. The Interest Rate of the Permanent Overnight Liquidity Absorption Facility (FAO) remains at 0.00% per annum.

4. The interest rates for the Permanent Facilities for Lending and Absorption of Liquidity are subject to periodic review by the National Bank of Angola.

5. Doubts and omissions arising from the interpretation and application of this Directive are clarified by the Department of Asset Markets.

6. This Directive enters into force immediately.

7. Directive No. 05/DMA/2016 of June 30 is hereby revoked.

DEPARTMENT OF ASSET MARKETS
______________________________________________ Maria Cândida Bernardete de Jesus Sambingo

DIRECTIVE No 01/DMA/2017
ORIGIN: DEPARTMENT OF ASSET MARKETS DATE
30/05/2017
SUBJECT: PERMANENT FACILITIES FOR LENDING (FCO) AND ABSORPTION OF LIQUIDITY (FAO)

• INTEREST RATES FOR OPERATIONS