Reserve Bank of Malawi to improve monetary policy architecture
Bank moves towards fully fledged inflation targeting, embracing interest rate-based framework
The Reserve Bank of Malawi will allow interest rates a "significantly expanded role" in its monetary policy framework as it progresses towards a fully fledged inflation targeting regime, officials have said.
Government and central bank representatives cited the interest rate corridor established in the interbank market as evidence, during a consultation with International Monetary Fund (IMF) staff.
The central bank has introduced a deposit facility, which pays two percentage points below the
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