Regulatory Alerts2004-04-21
INSTRUCTION No. 001-CR/04 of April 21, 2004 on the Central Bank's Key Rate
The Central Bank, under Governor Gaston Ravelojaona, raised its key rate from 7 percent to 9.5 percent effective April 21, 2004. This directive establishes the new benchmark for monetary policy operations and lending facilities. The adjustment takes immediate effect across all regulated financial institutions.
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