Regulatory Alerts2025-11-26
Directive No. 10 of November 21, 2025
The Governor of the Bank of Angola, following the Monetary Policy Committee’s November 17–18, 2025 session, sets the Basic Interest Rate at 18.5%, the Permanent Lending Facility rate at 19.5%, and the Permanent Absorption Facility rate at 16.5%. This Directive revokes Directive No. 09/25, empowers the Markets Department to resolve interpretive ambiguities, and mandates immediate effectiveness upon publication. These adjustments directly modify Angola’s core monetary policy instruments to optimize current liquidity management.
GOVERNOR DIRECTIVE NO. 10/2025 ORIGIN: MARKETS DEPARTMENT (DME) DATE 21/11/2025 SUBJECT: FINANCIAL SYSTEM Permanent Lending (FCO) and Liquidity Absorption Facilities – Notice No. 11/2011, of October 20 Whereas it is necessary to adjust the interest rates of the Lending and Liquidity Absorption Facilities, regulated under Notice No. 11/11 of October 20; In accordance with the decisions of the 126th ordinary session of the Monetary Policy Committee (MPC), held on November 17 and 18, 2025; This Directive serves to establish the following:
- The Basic Interest Rate of BNA (BNA Rate) is set at 18.5% (eighteen point five percent);
- The Interest Rate of the Permanent Liquidity Lending Facility (FCL) is set at 19.5% (nineteen point five percent);
- The Interest Rate of the Permanent Liquidity Absorption Facility (FAL) is set at 16.5% (sixteen point five percent);
- Doubts and omissions arising from the interpretation and application of this Directive are clarified by the DME;
- Directive No. 09/25 of September 30, on Permanent Liquidity Facilities, is hereby revoked;
- This Directive enters into force on the date of its publication. Luanda, November 21, 2025 MARKETS DEPARTMENT
Tânia Patrícia de Oliveira Mendes Lopes -Director-