Malawi leaves benchmark rate at 16 pct, cuts growth forecast: "LILONGWE, March 28 (Reuters) - Malawi’s central bank left its benchmark interest rate unchanged at 16 percent on Wednesday while slashing its economic growth forecast after drought and an army-worm invasion hit agricultural output.
Malawi’s economy is expected to grow 4 percent this year, down from a previous forecast of 7 percent, the reserve bank said in a statement. The bank predicts inflation will average 5 percent this year. (Reporting by Frank Phiri; Writing by Joe Brock)"
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