Regulatory Alerts2021-08-06
Instruction No. 002-DOM/21 repealing Instruction No. 001-DOM/21 of 7 May 2021 and amending certain provisions of Instruction No. 007-DOM/19 of 25 October 2019 on the interest rate corridor system
The Governor of the Central Bank of Madagascar issued Instruction No. 002-DOM/21 to fully repeal Instruction No. 001-DOM/21 of 7 May 2021 and amend Article 5 of Instruction No. 007-DOM/19 of 25 October 2019 governing the interest rate corridor system. The amendment establishes a deposit facility rate of 2.80% and a marginal lending facility rate of 7.20%, directly adjusting the central bank's permanent monetary policy rates. This directive takes immediate effect upon signature to recalibrate the national interest rate corridor in line with current monetary policy objectives.
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