Policy rate down to 18 percent | The Times Group

Policy rate down to 18 percent | The Times Group: "Policy rate down to 18 percent
Posted By: Taonga Sabolaon: July 06, 2017In: NationalNo Comments
In what could be described as a pleasant Independence Day gift to Malawians, the Reserve Bank of Malawi (RBM) Monetary Policy Committee yesterday slashed the indicative cost of money, technically known as policy rate, by 400 basis points from 22 to 18 percent.

This is the second time the monetary authorities have slashed the policy rate this year, following a 200 basis points reduction early this year."



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