
Malawi cuts interest rates on the back of lower inflation

The Reserve Bank of Malawi cut interest rates from 27% to 24% on November 24, in an effort to contain inflation and protect reserves.
Headline inflation slowed to 20.1% in October, compared to 24.7% a year earlier. Despite the decrease, the central bank forecasts inflation to edge up in the last quarter and into 2017.
"In view of this scenario, but with a need to remain cautious, MPC decided to reduce the policy rate by three percentage points to 24%, and maintain the Liquidity Reserve
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe
You are currently unable to print this content. Please contact info@centralbanking.com to find out more.
You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@centralbanking.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@centralbanking.com