Directive No. 02/2024, of March 25

GOVERNOR
DIRECTIVE NO. 02/2024
ORIGIN: Markets Department (MD)
DATE
25/03/2024
SUBJECT: FINANCIAL SYSTEM

• Basic Interest Rate (BNA Rate)
• Permanent Liquidity Lending Facility Rate (FCO)
• Permanent Liquidity Absorption Facility Rate

Whereas it is necessary to adjust the Basic Interest Rate of BNA and the Interest Rates of the Lending and Absorption Facilities, regulated under Notice No. 11/2011 and Notice No. 12/2012, both dated April 2; In accordance with the decisions of the 116th ordinary session of the Monetary Policy Committee (MPC), held on March 14 and 15, 2024; This Directive serves to establish the following:

1. The Basic Interest Rate of BNA (BNA Rate) is set at 19.00% (nineteen percent) per annum.
2. The Interest Rate of the Permanent Liquidity Lending Facility (FCO) is set at
   19.5% (nineteen point five percent) per annum.
3. The Interest Rate of the Permanent Liquidity Absorption Facility (FAL) is set at
   18.5% (eighteen point five percent) per annum.
4. Directive No. 11/2023, dated November 24, on the Basic Interest Rate and Permanent
   Lending and Absorption Facilities, is hereby revoked.
5. Doubts and omissions arising from the interpretation and application of this Directive
   are resolved by the Markets Department.

CONTINUATION OF DIRECTIVE NO. 02/2024 Page 2 of 2
6. Non-compliance with the provisions of this Directive constitutes an offense provided
for and punishable under Law No. 14/21, dated May 19, the General Regime of Financial Institutions Law.
7. This Directive enters into force immediately.
Luanda, March 25, 2024
MARKETS DEPARTMENT
_____________________________________________ Tânia Patrícia de Oliveira Mendes Lopes -Director-