Reserve Bank of Malawi cuts rate to 13.5 % | The Times Group: Borrowers from commercial banks and other micro-finance institutions should heave a sigh of relief following a slash in policy rate — a key driver of interest rates on loans— by the Reserve Bank of Malawi (RBM).
At the end of the second Monetary Policy Committee (MPC) meeting Friday, MPC Chairperson and RBM Governor Dalitso Kabambe announced the policy rate slash from 14.5 to 13.5 percent.
At the end of the second Monetary Policy Committee (MPC) meeting Friday, MPC Chairperson and RBM Governor Dalitso Kabambe announced the policy rate slash from 14.5 to 13.5 percent.
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