Regulatory Alerts2016-05-03
Instruction No. 001-DOM/2016 on the Central Bank's Key Rate
The Governor of the Central Bank of Madagascar has issued Instruction No. 001-DOM/2016 to reduce the key rate from 8.70 percent to 8.30 percent, effective May 15, 2016. Based on the amended 1994 Central Bank statutes and the October 2014 appointment decree, this directive formally lowers monetary policy rates. The single-article measure immediately implements the adjustment to align with current regulatory frameworks and economic conditions.
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