Instruction No. 04/GR/2025 on the Modification of Rates Applicable to Monetary Policy Operations

Islamic Republic of Mauritania
Governor

Central Bank of Mauritania
CENTRAL BANK OF MAURITANIA

Nouakchott, August 15, 2025

Instruction No. 04/GR/2025

On the Modification of Rates Applicable to Monetary Policy Operations

The Governor of the Central Bank of Mauritania

• Pursuant to Law No. 73 of May 30, 1973 establishing the Central Bank of Mauritania;
• Pursuant to Law No. 2018-034 of August 8, 2018 on the statutes of the Central Bank of Mauritania;
• Pursuant to Law No. 2018-036 bis of August 16, 2018 on the regulation of credit institutions;
• Pursuant to Decree No. 041/2022 of March 31, 2022 appointing the Governor of the Central Bank of Mauritania;
• Pursuant to Instruction No. 20/GR/2024 on the Modification of Rates Applicable to Monetary Policy Operations;
• Pursuant to the deliberations of the Monetary Policy Council dated August 15, 2025

Decides:

Article 1: This Instruction aims to set the Policy Rate and other rates applicable to Monetary Policy Operations as defined in Instruction No. 08/GR/2017 of December 27, 2017 on Monetary Policy Instruments.

Article 2: The Policy Rate is set at 6.00%.

Article 3: The Lending Facility rate is set at the Policy Rate plus 0.5%.

Article 4: The rate applied to fixed-rate liquidity absorption operations within the framework of main and fine-tuning operations is set at the Policy Rate minus 1.5%.

Article 5: The Deposit Facility rate is set at the Policy Rate minus 4%.

Article 6: This Instruction repeals and replaces all prior provisions, notably Instruction No. 20/GR/2024 setting the rates applicable to Monetary Policy Operations. It enters into force as of its date of signature.

Independence Street
P.O. Box 614, Nouakchott, Mauritania
Telephone:
+222 45 25 22 06
+222 45 25 38 88
Fax:
+222 45 25 27 59 info@bcm.mr www.bcm.mr

P.O. Box 623
Nouakchott, Mauritania
Tel: +222 45 25 22 06
+222 45 25 28 88
Fax: +222 45 25 27 59 info@bcm.mr www.bcm.mr

(Signature)
Mohamed-Lemine DHEHBY