Malawians will have to wait a little longer before they can start enjoying cheaper and varied
borrowing rates from the banking sector eight days after the Reserve Bank of Malawi (RBM)
announced a cut in the policy rate from 18 to 16 percent.
Most banks are yet to respond to the monetary policy stance taken by RBM and those that have,
say the new rates will only become effective in January next year.
Both National Bank of Malawi (NBM) and Standard Bank Malawi have set their base lending rates
at 23 percent from 25 percent but to become effective on January 1 in the case of NBM and
x
borrowing rates from the banking sector eight days after the Reserve Bank of Malawi (RBM)
announced a cut in the policy rate from 18 to 16 percent.
Most banks are yet to respond to the monetary policy stance taken by RBM and those that have,
say the new rates will only become effective in January next year.
Both National Bank of Malawi (NBM) and Standard Bank Malawi have set their base lending rates
at 23 percent from 25 percent but to become effective on January 1 in the case of NBM and
x
Banks to effect new rates in January | The Times Group:
'via Blog this'
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