Regulatory Alerts2017-05-30
Directive No. 01-DMA-2017 of May 30, 2017
The Department of Asset Markets of the National Bank of Angola issued Directive No. 01-DMA-2017 to adjust interest rates for permanent liquidity facilities following the Monetary Policy Committee's decision on May 30, 2017. The directive reduces the seven-day Liquidity Absorption Facility rate from 7.25% to 5.25% annually, while maintaining the Liquidity Lending Facility rate at 20.00% and the Overnight Liquidity Absorption Facility rate at 0.00%. This directive entered into force immediately and revoked Directive No. 05/DMA/2016.
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