Reserve Bank of Malawi maintains policy rate at 27% | The Times Group: "A Monetary Policy Committee (MPC) meeting of the Reserve Bank of Malawi in Lilongwe on Wednesday and Thursday, last week, resolved to maintain the policy rate at 27 percent as inflation continues to run away.
According to minutes of the meeting chaired by RBM Governor, Charles Chuka, the indaba also agreed to maintain the liquidity reserve requirement at 7.5 percent.
The meeting, among others, observed that inflation had started to climb in the past few months as the food situation worsened.
The gathering noted that addressing the food question could be critical in pulling down inflation, recorded at 22.6 percent in June.
With about 6.5 million"
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