Banco de Cabo Verde makes adjustments to monetary policy Unfavorable developments in the balance of payments, persistence of serious financial problems at the international level – particularly in the Eurozone – which may have an impact on development of the economy, as well as the development of the domestic economy, require taking monetary policy measures that are consistent with ensuring exchange rate and financial system stability.
In this context and with the aim of stabilizing the country's international reserves, the Board of Directors of Banco de Cabo Verde decided the following, during an ordinary session that took place on 22 December:
1. Increase the minimum reserve requirement coefficient by two percentage points, from 16% to 18%;2. Increase the key interest rate by 150 base points, from 4.25% to 5.75%.
As a result of the measure indicated in paragraph 2, the indexed rates will suffer the following changes:
i) Marginal Lending Facility - 8.75%ii) Deposit Facility - 3.25% The adopted measures will come into force as of January 1, 2012. _______________________ Minimum Reserve Requirement Coefficient – Percentage of deposits that commercial banks are required to hold with the Central Bank.
Key Interest Rate – The interest rate charged by the Central Bank. Marginal Lending Facility – Interest rate BCV charges commercial banks for overnight loans.
Deposit Facility – Rate used when commercial banks make overnight deposits with BCV.
Deliberação de 22 de Dezembro de 2011
Aumento do Coeficiente das Disponibilidades Mínimas de Caix
Alteração da Taxa Directora do BCV
Alteração da Metodologia de Fixação das Taxas do BCV
Processo de Modernização do Sistema de Pagamentos
ACTUALIZAÇÃO DE REGULAMENTAÇÃO PRUDENCIAL
Alteração da Taxa de Referência
BCV Altera Taxa de Referência
REDUÇÃO DO COEFICIENTE DASDISPONIBILIDADES MÍNIMAS DE CAIXA (DMC)