Directive No. 05-2023, of March 29

GOVERNOR
DIRECTIVE NO. 05/DME/2023
ORIGIN: MARKETS DEPARTMENT (DME)
DATE
29/03/2023
SUBJECT: FINANCIAL SYSTEM

• Basic Interest Rate (BNA Rate) and Rates of the Permanent Lending Facility (FCO) and Liquidity Absorption Facility - Notice No. 11/2012 and Notice 12/2012 both dated April 02
  Whereas it is necessary to adjust the basic interest rate of BNA, and the interest rates of the Lending and Liquidity Absorption Facilities, regulated under Notice No. 11/2012 and Notice 12/2012 both dated April 02; In accordance with the decisions of the one hundred and tenth ordinary session of the Monetary Policy Committee, held on March 21, 2023; This Directive serves to establish the following:

1. The basic interest rate of BNA (BNA Rate) is set at 17.00% (seventeen percent)
   per annum.
2. The interest rate of the Permanent Liquidity Lending Facility (FCO) is set
   at 17.00% (seventeen percent) per annum.
3. The interest rate of the Permanent Liquidity Absorption Facility is set at
   13.50% (thirteen point five percent) per annum.
4. Doubts and omissions resulting from the interpretation and application of this Directive
   are clarified by the Markets Department;
5. Directive No. 02/DME/2023, dated January 23, on the basic interest rate and Permanent Lending and Liquidity Absorption Facilities, is revoked, as well as all
   provisions that conflict with this Directive.
6. This Directive enters into force immediately.
   Luanda, March 29, 2023.
   MARKETS DEPARTMENT

Tânia Patrícia de Oliveira Mendes Lopes
-Director-