RegAlert
2017-12-19

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Instruction No. 006-DOM/2017 Setting the Marginal Lending Facility Rate of Banky Foiben'i Madagasikara

Banky Foiben'i Madagasikara issued Instruction No. 006-DOM/2017 to set the marginal lending facility rate at two percentage points above its key interest rate. Operating under Article 14 of the December 2017 monetary policy implementation framework, this rate differential applies directly to central bank lending operations. The directive officially takes effect on January 1, 2018, following the Governor's formal authorization in Antananarivo.

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Banky Foiben'i Madagasikara

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[LOGO]
BANKY FOIBEN'I MADAGASIKARA

DIRECTORATE OF MONETARY OPERATIONS

INSTRUCTION NO. 006-DOM/2017
setting the marginal lending facility rate of Banky Foiben'i Madagasikara

The Governor of Banky Foiben'i Madagasikara,

Having regard to Law No. 2016-004 of July 29, 2016, supplemented by Law No. 2016-057 of February 2, 2017 establishing the Statutes of the Central Bank of Madagascar,

Having regard to Decree No. 2014-1684 of October 29, 2014 appointing the Governor of the Central Bank of Madagascar,

Having regard to Instruction No. 005-DOM/2017 of December 19, 2017 on the implementation of Banky Foiben'i Madagasikara's (BFM) monetary policy instruments,

DECIDES:

Article 1:

Pursuant to Article 14, paragraph 14.1 of Instruction No. 005-DOM/2017 of December 19, 2017 on the implementation of Banky Foiben'i Madagasikara's (BFM) monetary policy instruments, the marginal lending facility rate shall be set at 2 percentage points above BFM's key interest rate.

Article 2:

This Instruction shall enter into force as of January 1, 2018.

Antananarivo, December 19, 2017

[SEAL]
THE GOVERNOR
ALAIN H. RASOLOFONDRAIBE

P.O. Box 550 Antananarivo (101) – Madagascar ■ Tel. (261) 20 22 217 51/ 20 22 234 65 ■ Fax (261) 20 22 345 32 E-mail: banque-centrale@bfm.mg ■ Website: www.banque-centrale.mg

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Lineage: Superseded

Decree No. 2014-1684 of October…2014Decree No. 2014-1684 of October 29, 2014 Appointing the Governor of the Central Bank of Madagascar (2014-10-29)Law No. 2016-004 of July 29, 20…2016Law No. 2016-004 of July 29, 2016, as amended by Law No. 2016-057 of February 2, 2017, establishing the Statutes of the Central Bank of Madagascar (2016-07-29)Loi n° 2016-057 du 2 février 20…2017Loi n° 2016-057 du 2 février 2017 complétant la loi n° 2016-004 du 29 juillet 2016 portant statuts de la Banque Centrale de Madagascar (Law No. 2016-057 supplementing the law on the Statutes of the Central Bank of Madagascar) (2017-02-02)Instruction No. 005-DOM/2017 on…2017Instruction No. 005-DOM/2017 on the Implementation of Monetary Policy Instruments of Banky Foiben'i Madagasikara (2017-12-19)Instruction No. 006-DOM/2017Setting the Marginal Lending …2017-12-19 · this documentInstruction No. 006-DOM/2017 Setting the Marginal Lending Facility Rate of Banky Foiben'i Madagasikara (2017-12-19)Instruction No. 003-DOM/19 Sett…2019Instruction No. 003-DOM/19 Setting the Rates of Permanent Facilities of Banky Foiben'i Madagasikara (2019-05-03)
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Amended 1 time · last 2019-05-03

Source: Banky Foiben'i Madagasikara — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works

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