Regulatory Alerts2021-05-14
Instruction No. 001-DOM-2021 amending certain provisions of Instruction No. 007-DOM-19 of 25 October 2019 on the interest rate corridor system
The Central Bank of Madagascar issued Instruction No. 001-DOM-2021 to amend Article 5 of its October 2019 interest rate corridor framework. The amendment establishes new standing facility rates, setting the deposit facility rate at 1.76% and the marginal lending facility rate at 6.16%. This directive takes effect immediately upon signature to adjust the central bank's monetary policy operational parameters.
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