Reserve Bank maintains bank rate at 16% | The Times Group: Monetary Policy Committee (MPC) of the Reserve Bank of Malawi (RBM) Wednesday resolved to maintain the country’s indicative cost of borrowing, technically known as bank or policy rate, at 16 percent.
The decision did not come as a surprise considering the inflationary pressures the economy has been experiencing in recent months emanating from rising food and non-food prices.
The decision did not come as a surprise considering the inflationary pressures the economy has been experiencing in recent months emanating from rising food and non-food prices.
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