Regulatory Alerts2025-05-08
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Instruction No. 003-DOM/25 of April 28, 2025 on the Policy Rate and Interest Rate Corridor System of Banky Foiben'i Madagasikara
Banky Foiben'i Madagasikara sets the policy rate at 10.50%, with a deposit facility rate of 9.50% and a marginal lending facility rate of 11.50%, establishing a symmetric interest rate corridor with a width of 2.0 percentage points. The instruction mandates that only the policy rate be communicated to the public, replacing the previous disclosure of permanent facility rates. It repeals Instruction No. 007-DOM/19 and enters into force on May 7, 2025.
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