Regulatory Alerts2024-08-06
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Instruction No. 004-DOM/24 repealing Instruction No. 004-DOM/23 of August 8, 2023, and amending certain provisions of Instruction No. 007-DOM/19 of October 25, 2019, on the interest rate corridor system
The Governor of Banky Foiben'i Madagasikara issued Instruction No. 004-DOM/24 to amend the interest rate corridor system by maintaining its width at 2.00 percentage points and fixing the deposit and marginal lending facility rates at 9.50% and 11.50%, respectively. The directive fully repeals Instruction No. 004-DOM/23 of August 8, 2023, which had previously modified the same framework. This update to Madagascar’s monetary policy instruments enters into force on August 7, 2024.
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