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Rate cut fails to boost credit growth
Grace Phiri June 5, 2018 0 Comments
Despite the Reserve Bank of Malawi (RBM) reducing the policy rate to 16 percent, the lowest in seven years, credit growth for the private sector remains subdued, the World Bank has said.
World Bank senior country economist Patrick Hettinger said in an interview on Friday the central bank has maintained a tight monetary stance, continues to monitor and mop up excess liquidity to keep the interbank rate (IBR) close to the policy rate to ensure that inflation remains under control.
He said low level of access to finance through the banking sector remains a significant constraint to private sector performance"
'via Blog this'
Rate cut fails to boost credit growth
Grace Phiri June 5, 2018 0 Comments
Despite the Reserve Bank of Malawi (RBM) reducing the policy rate to 16 percent, the lowest in seven years, credit growth for the private sector remains subdued, the World Bank has said.
World Bank senior country economist Patrick Hettinger said in an interview on Friday the central bank has maintained a tight monetary stance, continues to monitor and mop up excess liquidity to keep the interbank rate (IBR) close to the policy rate to ensure that inflation remains under control.
He said low level of access to finance through the banking sector remains a significant constraint to private sector performance"
'via Blog this'
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