Regulatory Alerts2017-12-01
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Directive No. 08-DMA-2017 of December 1, 2017
The Department of Asset Markets of the National Bank of Angola issued Directive No. 08-DMA-2017 to adjust key monetary policy rates following the decision of the Monetary Policy Committee on November 30, 2017. The directive increases the Basic Interest Rate (BNA) by two percentage points to 18.00% annually while reducing the seven-day Liquidity Absorption Facility rate to 0.00%. It maintains the Liquidity Lending Facility rate at 20.00% and the Overnight Liquidity Absorption Facility rate at 0.00%, simultaneously revoking previous directives from July 2017.
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