Banco de Cabo Verde
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Monetary Policy

Monetary Policy Objectives

The primary objective of Banco de Cabo Verde’s (BCV) monetary policy is to maintain price stability and furthermore to maintain the national currency’s purchasing power, in order to promote econ...


Monetary Policy Strategy

The fixed exchange rate regime adopted by Cape Verde in 1998, establishing a fixed parity with the Euro, essentially aims to ensure convertibility of the Cape Verdean escudo and to create condit...


Monetary Policy Implementation

The key variable in monetary policy implementation is the operational goal. The choice of this goal depends not only on the Central Bank's strategy but also on the financial system’s development le...


Operational Framework of the Monetary...

In implementing monetary policy, Cape Verde’s central bank (BCV) has a responsibility to boost the efficiency and dynamics of the money market so as to enable a balanced provision of liquidity i...


Interbank Money Market

Institutions may exchange funds among themselves, within the Interbank Money Market, which aims to guide the supply and demand of funds among them, thus easing the management of their respective tr...


Interest Rates

BCV’s official interest rates, which are the most relevant interest rates when it comes to carrying out its main responsibilities, are: the Key Rate, the Rediscount Rate and the  (




Monetary Policy Committee

BCV’s Monetary Policy Committee (MPC) was established on October 27, 2004, with the aim of "periodically reviewing the information available, to support BCV’s Board of Directors’ decision-making...


Monetary Policy Reports

Every six months, the Central Bank must submit an action plan to the Government which shall include:

A description and explanation of the reasons for the monetary policy to be followed i...


Exchange Rates

The exchange rates of Cape Verde escudo against currencies of major trading partners of the country are compiled daily by the Bank of Cape Verde, from euro reference rates calculated and made ​​ava...