Ver Angola


Non-banking entities can now participate in open market operations

The National Bank of Angola (BNA) decided to extend the entities that can participate in open market operations to non-banking entities, including insurance companies and pension funds.


According to a statement released by the regulator this Monday, the objective is to increase the efficiency of monetary policy instruments and expand the scope of occasional operations to regulate the level of liquidity.

"In this sense, it was decided to allow the participation of non-banking entities, namely insurance companies, pension funds and State entities in open market operations, subject to the fulfillment of certain requirements", indicates the BNA.

Open market operations are used by central banks to manage liquidity and control interest rates and are carried out through the negotiation of public or private debt securities.

In this context, only open market operations with a maturity of more than 60 days are eligible, and interested entities must request authorization from the BNA.

After being approved, the entities must open and operate an account in the Asset Management System.

Permita anúncios no nosso site


Parece que está a utilizar um bloqueador de anúncios
Utilizamos a publicidade para podermos oferecer-lhe notícias diariamente.