Reserve Bank of Malawi cuts rates to 13.5%
The Reserve Bank of Malawi (RBM) has cut rates by 100 basis points to 13.5%, citing a strong economic outlook and declining inflation.
In a statement on May 3, the monetary policy committee announced its sixth cut to interest rates since 2016, when the interest rate was 27%. Policy-makers described the economic outlook of the country as “quite positive”, and raised their forecast for GDP growth while lowering their inflation forecast.
The MPC said the new monetary policy stance “remains
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
More on Monetary policy decisions
Colombian and Caribbean central banks hold rates
Banrep board ignores government’s call for cut, while Jamaica and Dominican Republic also hold
RBA continues to hold rates under new governor
‘Some further tightening of monetary policy may be required,’ Bullock says
Mexico and Guatemala continue to hold rates
Inflation is still falling, but Banxico expects rates will stay high for some time
BoT unexpectedly raises policy rate by 25bp
Central bank cuts inflation and growth forecasts for 2023, but raises next year’s projections
BoJ leaders divided on wage growth and timing of tightening
July minutes show disagreement over when firms will raise wages
Ghanaian MPC holds rates while Guinea opts for 50bp rise
Addison says Ghana’s growth will outstrip IMF forecast but reserves remain extremely low
South Africa and Egypt both hold policy rates
Sarb governor says job of fighting inflation “is not yet done”
Colombian policy-makers clash over rates
Finance minister wants “very small” rate cut, but central bank board member disagrees