Malawi makes first rate cut in three years

The Reserve Bank of Malawi, the country's central bank, reduced its bank rate to 17.5% from 20% yesterday, encouraged by falling inflation and a strong economic turnaround.

Malawi's finance minister, Goodall Gongwe, said that the central bank's decision was prompted by its policy of helping the private sector access to credit "at reasonable costs" and boosting economic economy which was essential for growth.

"We may have problems on the political front but on the economic front Malawi is doing

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: