Stable Kwacha pushes down interbank rate - The Nation Online
Stable Kwacha pushes down interbank
rate
Orama Chiphwanya O July 30, 2018 0 Comments
The Bankers Association of Malawi (BAM) and a market analyst have said kwacha stability has
pushed down interbank rate (IBR) —rate of interest on short-term loans between banks.
Figures from Reserve Bank of Malawi (RBM) financial market development reports show that
IBR has eased by 13.1 percentage points from 26 percent in January last year to around 12.9
percent this year.
Stable Kwacha pushes down interbank
rate
Orama Chiphwanya O July 30, 2018 0 Comments
The Bankers Association of Malawi (BAM) and a market analyst have said kwacha stability has
pushed down interbank rate (IBR) —rate of interest on short-term loans between banks.
Figures from Reserve Bank of Malawi (RBM) financial market development reports show that
IBR has eased by 13.1 percentage points from 26 percent in January last year to around 12.9
percent this year.
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