Ondjiva – The National Bank of Angola (BNA) is holding a meeting of its Monetary Policy Committee (CPM) on 17 and 18 March in the city of Ondjiva, southern Cunene Province, to reassess the rates for liquidity absorption and facilities.
In this 122nd ordinary meeting, the CPM will analyse the current situation of the rates in question before making new decisions on the matter, according to the governor of the BNA, Manuel Tiago Dias.
“The decisions that will be made by the Monetary Policy Committee on the facility rates for both incidence and absorption of liquidity will be announced at a press conference on Tuesday (18)”, he stated.
The BNA Monetary Policy Committee is the body responsible for formulating monetary and exchange rate policy.
The governor explained that the meetings of the body are held every two months, one in Luanda and the other in one of the selected provinces.
Manuel Tiago Dias, accompanied by a delegation from the institution, was received in audience by the governor of Cunene, Gerdina Didalelwa.
The CPM is a body established under the Law of the National Bank of Angola to be responsible for taking decisions on monetary policy, especially the bank's interest rates.
PEM/LHE/IZ./TED/jmc
