Following BNA Order 11/2011, of 20 October 2011, which regulated interest rates for Marginal Lending and Absorption Facilities, BNA established, through Directive 02/DMA/2019, of 24 October 2019, that: BNA's Basic Interest Rate remains at 15% per annum; the Interest Rate of the Permanent Liquidity Absorption Facility with a maturity of 7 days is 10% per annum; and the Interest Rate of the Permanent Overnight Liquidity Absorption Facility remains at 0% per annum.

Directive 02/DMA/2019 entered into force on 24 October 2019, repealing Directive 08/DMA/2017, of 1 December 2017.

For further information about the content of this Legal Alert, please contact:
[email protected]