MPC maintains policy rate at 16% | The Times Group: MPC maintains policy rate at 16%
Posted By: Tom Sangalaon: July 05, 2018In: BusinessNo Comments
BY TAONGA SABOLA:
The Monetary Policy Committee (MPC) meeting of the Reserve Bank of Malawi (RBM) yesterday resolved to maintain the indicative price of money, technically known as policy rate, at 16 percent.
This is the second time MPC has kept the policy rate unchanged since slashing it by 200 basis points in December 2017.
The MPC decision has not come as a major surprise to many Malawians as it comes barely two months after inflation threatened to run away, rising to 9.9 percent in March before crawling back to 8.9 percent in May.
Posted By: Tom Sangalaon: July 05, 2018In: BusinessNo Comments
BY TAONGA SABOLA:
The Monetary Policy Committee (MPC) meeting of the Reserve Bank of Malawi (RBM) yesterday resolved to maintain the indicative price of money, technically known as policy rate, at 16 percent.
This is the second time MPC has kept the policy rate unchanged since slashing it by 200 basis points in December 2017.
The MPC decision has not come as a major surprise to many Malawians as it comes barely two months after inflation threatened to run away, rising to 9.9 percent in March before crawling back to 8.9 percent in May.
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