.Malawi’s central bank raised its benchmark interest rate 3 percentage points to 16 percent, days after devaluing its currency by a third to meet conditions set by the International Monetary Fund and unblock aid flows.
TO READ MORE CL:ICK HERE
Business and Economic News from Malawi
Wednesday, May 16, 2012
Malawi Lifts Lending Rate as Costs Rise After Devaluation
.Malawi’s central bank raised its benchmark interest rate 3 percentage points to 16 percent, days after devaluing its currency by a third to meet conditions set by the International Monetary Fund and unblock aid flows.
TO READ MORE CL:ICK HERE
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