Reserve Bank of Malawi maintains bank rate at 13.5 percent - The Times Group Malawi

Reserve Bank of Malawi maintains bank rate at 13.5 percent - The Times Group Malawi: Monetary Policy Committee (MPC) of the Reserve Bank of Malawi (RBM) Wednesday resolved to maintain the policy rate – the country’s indicative cost of borrowing – at 13.5 percent.

The MPC also maintained Lombard Rate at 0.4 percent above the policy rate, and the Liquidity Reserve Requirement at 5 percent and 3.7 percent on local and foreign currency deposits, respectively.