Directive No. 10/DME/2022

GOVERNOR
DIRECTIVE NO. 10/DME/2022
ORIGIN: MARKETS DEPARTMENT (DME)

DATE
27/09/2022
SUBJECT: FINANCIAL SYSTEM

• Fa - Base Interest Rate and Permanent Liquidity Lending Facility Rate (FCO)
  Notice No. 11/2011, of October 20

Whereas it is necessary to adjust the interest rates of the Liquidity Lending and Absorption Facilities, regulated under Notice No. 11/2011, of October 20; In accordance with the decisions of the one hundred and seventeenth ordinary session of the Monetary Policy Committee, held on September 26, 2022; This Directive serves to establish the following:

1. The Base Interest Rate of BNA (BNA Rate) is set at 19.50% (nineteen point fifty percent) per annum.
2. The Interest Rate of the Permanent Liquidity Lending Facility (FCO) is set at 21% (twenty-one percent) per annum.
3. The Interest Rate of the Permanent Liquidity Absorption Facility is set at 15% (fifteen percent) per annum.
4. Doubts and omissions arising from the interpretation and application of this Directive are clarified by the Markets Department.
5. Directive No. 07/DME/2022, of August 1, concerning Permanent Liquidity Lending (FCO) and Absorption Facilities is revoked, as well as all provisions contrary to this Directive.
6. This Directive enters into force immediately.

Luanda, September 27, 2022.
MARKETS DEPARTMENT

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Tânia Patrícia de Oliveira Mendes Lopes
-Director-