Regulatory Alerts2022-08-01
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Directive No. 07-DME-2022, August 1
The Governor of the Banco Nacional de Angola, through its Markets Department, has issued Directive No. 07-DME-2022 to adjust key monetary policy interest rates effective immediately. The directive establishes the Basic Interest Rate (BNA Rate) at 20% per annum, sets the Permanent Liquidity Absorption Facility rate at 15%, and fixes the Permanent Lending Facility (FCO) rate at 23%. It simultaneously revokes Directive No. 08/DMA/2021 and grants the Markets Department authority to resolve any interpretative ambiguities regarding these adjustments.
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