Regulatory Alerts2009-07-20
Instruction No. 001-DCR/09 of July 20, 2009 on the Central Bank's Policy Rate
The Governor of the Central Bank of Madagascar issued Instruction No. 001-DCR/09 to reduce the national policy rate from 10.0 percent to 9.50 percent, effective August 3, 2009. Grounded in the Bank's statutory law and the Governor's appointment decree, this directive officially amends the monetary policy benchmark. The single-article ruling takes immediate effect upon issuance in Antananarivo, thereby adjusting the country's primary interest rate framework.
INSTRUCTION NO. 001-DCR/09 of July 20, 2009 on the Central Bank's Policy Rate
The Governor of the Central Bank of Madagascar, Having regard to amended Law No. 94-004 of June 10, 1994 establishing the Statutes of the Central Bank of Madagascar; Having regard to Decree No. 2007-027 of January 29, 2007 appointing the Governor of the Central Bank; HEREBY DECIDES:
Single Article: The Central Bank of Madagascar has reduced its policy rate from 10.0 to 9.50 percent, effective August 3, 2009.
Antananarivo, July 20, 2009 The Governor, Frédéric RASAMOELY.