Regulatory Alerts2019-10-25
Instruction No. 007-DOM/19 on the Interest Rate Corridor System
The Central Bank of Madagascar issued Instruction No. 007-DOM/19 to formally establish an interest rate corridor system for monetary operations. The directive sets the corridor width at 4.4 percentage points, bounded by a 0.9% deposit facility rate and a 5.3% marginal lending facility rate. Consequently, the central bank is exempt from publishing a separate policy rate, instead using the marginal lending rate for non-tender borrowings and the deposit rate for non-tender placements.
Share