Regulatory Alerts2017-05-05
Instruction No. 001-DOM/2017 on the Policy Rate of Banky Foiben'i Madagasikara
The Governor of the Central Bank of Madagascar issued Instruction No. 001-DOM/2017 to formally adjust the national policy rate from 8.30 percent to 9.00 percent, effective May 11, 2017. This directive relies on the Central Bank's governing statutes and the Governor's appointment decree to legally authorize the monetary policy adjustment. The single-article instruction takes effect immediately upon publication in Antananarivo, establishing the new benchmark rate for all regulated financial operations.
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