Regulatory Alerts2023-05-09
Instruction No. 003-DOM/23 of May 9, 2023 repealing Instruction No. 004-DOM/22 and amending certain provisions of Instruction No. 007-DOM/19 on the interest rate corridor system
The Central Bank of Madagascar issued Instruction No. 003-DOM/23 to amend the interest rate corridor system established under Instruction No. 007-DOM/19. The directive maintains the corridor width at 2.00 percentage points and sets the deposit facility rate at 8.50% and the marginal lending facility rate at 10.50%. It simultaneously repeals Instruction No. 004-DOM/22 in its entirety and takes effect on May 10, 2023.
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