Regulatory Alerts2017-05-30
Directive No. 02-DMA-2017, of May 30
The Department of Asset Markets of the Bank of Angola issued Directive No. 02-DMA-2017 to adjust interest rates for permanent liquidity facilities in accordance with the Monetary Policy Committee's decision. The directive establishes that the BNA Basic Interest Rate remains unchanged at 16.00% per annum and is subject to monthly reevaluation by the Committee. It also designates the Department of Asset Markets to clarify interpretation issues and revokes the previous Directive No. 05/DMA/2016.
Whereas it is necessary to adjust the interest rates for the Permanent Facilities for Lending and Absorption of Liquidity, regulated under Notice No. 11/2011, of October 20;
In accordance with the decision of the fifty-sixth ordinary session of the Monetary Policy Committee, held on May 30, 2017;
This Directive serves to establish the following:
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The BNA Basic Interest Rate – BNA Rate – remains at 16.00% per annum.
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The BNA Rate is reevaluated monthly by the Monetary Policy Committee of the BNA.
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Doubts and omissions arising in the interpretation and application of this Directive are clarified by the Department of Asset Markets.
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This Directive enters into force immediately.
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Directive No. 05/DMA/2016, of June 30, is hereby revoked.
DEPARTMENT OF ASSET MARKETS
Maria Cândida Bernardete de Jesus Sambingo
DIRECTIVE No 02/DMA/2017 ORIGIN: DEPARTMENT OF ASSET MARKETS DATE 30/05/2017 SUBJECT: BNA BASIC INTEREST RATE – BNA RATE NOTICE No. 10/2011, of October 20