Regulatory Alerts2019-05-03
Instruction No. 003-DOM/19 Setting the Rates of Permanent Facilities of Banky Foiben'i Madagasikara
The Governor of Banky Foiben'i Madagasikara issued Instruction No. 003-DOM/19 to formally set the interest rates for the central bank's permanent monetary policy facilities. The directive establishes a marginal lending facility rate of 4.40 percent, defined as the one-day policy rate plus 3.5 percentage points, and fixes the deposit facility rate at zero percent. Effective 3 May 2019, the instruction supersedes all contradictory prior regulations, specifically repealing Instruction No. 006-DOM/2017.
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