Regulatory Alerts2022-08-02
Instruction No. 003-DOM/22 repealing Instruction No. 002-DOM/22 of May 3, 2022 and amending certain provisions of Instruction No. 007-DOM/19 of October 25, 2019 on the interest rate corridor system
The Central Bank of Madagascar issued Instruction No. 003-DOM/22 to amend the interest rate corridor system established by Instruction No. 007-DOM/19 and to fully repeal Instruction No. 002-DOM/22. The directive sets the width of the interest rate corridor at 2.00 percentage points and establishes the deposit facility rate at 6.90% and the marginal lending facility rate at 8.90%. This measure takes effect on August 3, 2022, thereby updating the monetary policy framework's key interest rate parameters.
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