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.
INSTRUCTION NO. 001-DOM/2017 on the Policy Rate of Banky Foiben'i Madagasikara
The Governor of the Central Bank of Madagascar, Having reviewed Law No. 2016-004 dated July 29, 2016, supplemented by Law No. 2016-057 dated February 2, 2017 establishing the Statutes of Banky Foiben'i Madagasikara, Having reviewed Decree No. 2014-1684 dated October 29, 2014 appointing the Governor of Banky Foiben'i Madagasikara, DECIDES:
Single Article: The policy rate of Banky Foiben'i Madagasikara is increased from 8.30 to 9.00 percent, effective May 11, 2017.
Antananarivo, May 5, 2017 The Governor, Alain H. RASOLOFONDRAIBE.