Regulatory Alerts2023-08-08
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Instruction No. 004-DOM/23 of August 8, 2023, repealing Instruction No. 003-DOM/2023 of May 9, 2023, and amending certain provisions of Instruction No. 007-DOM/19 of October 25, 2019, on the interest rate corridor system
The Central Bank of Madagascar issued Instruction No. 004-DOM/23 to repeal Instruction No. 003-DOM/23 and amend specific provisions of Instruction No. 007-DOM/19 governing the interest rate corridor system. The directive permanently maintains the corridor width at 2.00 percentage points while establishing standing facility rates at 9.00% for deposits and 11.00% for marginal lending. This regulatory update officially enters into force on August 9, 2023.
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