2004-09-16

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.

Madagascar

Banky Foiben'i Madagasikara

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INSTRUCTION NO. 006-CR/04 OF SEPTEMBER 16, 2004 ON THE CENTRAL BANK'S KEY RATE

The Central Bank has decided to increase its key rate from 12.0 percent to 16.0 percent, effective September 16, 2004.

THE GOVERNOR, Gaston RAVELOJAONA.