Malawi raises rates as inflation continues climbing

Russia-Ukraine war and adverse weather events exacerbating food inflation


Malawi’s central bank raised its policy rate by 200 basis points on July 26, to 24%. This is the fourth rate increase since April 2022, and the Reserve Bank of Malawi has doubled its rate.

The country has faced significant problems with inflation, diminished reserves and a struggle to sell sufficient exports. In June, a central bank spokesperson said the country’s reserves were nearly exhausted.

In its policy statement, the nine-member monetary policy committee said inflation had continued its

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 or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

Most read articles loading...

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 individual account