RegAlert2018-07-16
Added · Updated
Directive No. 04-DMA-2018, dated July 17
The National Bank of Angola reduces the BNA Basic Interest Rate by 1.5 percentage points from 18.00% to 16.50% per annum, effective immediately following the Monetary Policy Committee's decision on July 17, 2018. This adjustment aligns the reference rate with Notice No. 10/2011 and formally revokes Directive No. 03/DMA-2018 dated May 24, 2018. The Markets Department retains authority to resolve any interpretative doubts or omissions arising from the application of this Directive.
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HAVING REGARD TO
The Governor
DIRECTIVE NO. 04/DMA/2018
ORIGIN: MARKETS DEPARTMENT
DATE
17/07/2018
SUBJECT: BNA RATE - NOTICE NO. 10/2011, OF OCTOBER 20 Whereas it is necessary to adjust the BNA reference interest rate regulated under Notice No. 10/2011, of October 25; In accordance with the decision of the eighty-first ordinary session of the Monetary Policy Committee, held today, July 17, 2018; The National Bank of Angola establishes the following:
- The BNA Basic Interest Rate – BNA Rate - is reduced by 1.5 (one
point five) percentage points, from 18.00% to 16.50% per annum - Any doubts and omissions arising from the interpretation and application of this
Directive shall be clarified by the Markets Department. - This Directive enters into force immediately and revokes Directive No.
03/DMA/2018, of May 24.
MARKETS DEPARTMENT
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Lineage: Superseded
Timeline
Amended 1 time · last 2019-01-29
- 2019-01-29
BNADirective No. 01-DMA-2019, dated January 30supersedes
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Source: Banco Nacional de Angola — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works
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