Instruction No. 003-DOM/19 Setting the Rates of Permanent Facilities of Banky Foiben'i Madagasikara

BANKY FOIBEN'I MADAGASIKARA

DIRECTORATE OF MONETARY OPERATIONS

Instruction No. 003-DOM/19 Setting the Rates of Permanent Facilities of Banky Foiben'i Madagasikara

The Governor of Banky Foiben'i Madagasikara,

Having regard to Law No. 2016-004 of 29 July 2016, supplemented by Law No. 2016-057 of 2 February 2017 establishing the Statutes of the Central Bank of Madagascar,

Having regard to Decree No. 2014-1684 of 29 October 2014 appointing the Governor of the Central Bank of Madagascar,

Having regard to Instruction No. 005-DOM/17 of 19 December 2017 on the implementation of the monetary policy instruments of Banky Foiben'i Madagasikara,

Having regard to Instruction No. 001-DOM/19 of 03 MAY 2019 amending and supplementing certain provisions of Instruction No. 005-DOM/17 of 19 December 2017 on the implementation of the monetary policy instruments of Banky Foiben'i Madagasikara,

DECIDES

Article 1: Pursuant to Article 14 of Instruction No. 005-DOM/17 of 19 December 2017 on the implementation of the monetary policy instruments of BFM, as amended and supplemented by Instruction No. 001-DOM/19 of 03 MAY 2019, the rates for permanent facilities are set as follows:

• the marginal lending facility rate is set at 4.40%, which is the one-day operations policy rate increased by 3.5 percentage points;
• the deposit facility rate is set at 0%.

Article 2:

This Instruction shall enter into force as of 03 MAY 2019.

All provisions contrary to this Instruction are hereby repealed, including Instruction No. 006-DOM/2017 of 19 December 2017.

Antananarivo, 03 MAY 2019

(Signature) THE GOVERNOR ALAIN H. RASOLOFONDRAIBE

B.P. 550 Antananarivo (101) - Madagascar • Tel. (261) 20 22 217 51 / 20 22 234 65 • Fax (261) 20 22 345 32 Website: www.banque-centrale.mg • Email: banque-centrale@bfm.mg