Regulatory Alerts2004-09-16
Instruction No. 006-CR/04 of September 16, 2004 on the Central Bank's Key Rate
The Central Bank, under Governor Gaston Ravelojaona, has officially increased its key interest rate from 12.0 percent to 16.0 percent. This adjustment, formalized through Instruction No. 006-CR/04 dated September 16, 2004, takes immediate effect upon publication. The directive establishes the updated rate as the primary benchmark for monetary policy operations moving forward.
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