Banks react to policy rate cut | The Times Group: The country’s commercial banks have started reacting to last month’s policy rate cut by the Monetary Policy Committee (MPC) of the Reserve Bank of Malawi (RBM).
While the banks had little freedom to decide the base lending rates as it was set at the Lombard rate of14.9 percent by MPC, the banks have started pulling downwards their maximum lending rates.
While the banks had little freedom to decide the base lending rates as it was set at the Lombard rate of14.9 percent by MPC, the banks have started pulling downwards their maximum lending rates.
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