Banks yet to react to policy rate cut | The Times Group

Banks yet to react to policy rate cut

Posted By: William Kumwembe on: December 27, 2017 In: Business No Comments

Most commercial banks are yet to react to the policy rate cut effected by the Reserve Bank of

Malawi (RBM) last Wednesday.

The policy rate is now at 16 percent from 18 percent.

At a press briefing held in the administrative capital, Lilongwe, last week, RBM Governor, Dalitso

Kabambe, attributed the policy move to recent trends on inflation statistics and the desire to

consolidate economic gains.

Banks yet to react to policy rate cut | The Times Group:



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