Reserve Bank of Malawi upbeat on private sector credit growth - The Times Group Malawi

Reserve Bank of Malawi upbeat on private sector credit growth - The Times Group Malawi: The Reserve Bank of Malawi (RBM) has reiterated that recent pick-up in the economy coupled with declining interest rates would see continued growth of credit to private sector.

This, the central bank says, would spur productivity and help in creation of job opportunities.

The annual growth rate of private sector credit stood at 17.7 percent in September 2019 compared to 18.8 percent and 8.7 percent in the preceding month, and corresponding month of 2018.