Jan 18, 2018 Last Updated 2:54 PM, Jan 18, 2018


JFile: :read: Unable to open file:

RBM Maintains Policy Rate

RBM headquarters in Lilongwe RBM headquarters in Lilongwe Image sourced at rbm.mw
Published in Business News
Read 27663 times
Rate this item
(0 votes)

The Reserve Bank of Malawi (RBM) has resolved to maintain the policy rate at eighteen percent.

This is the rate that is used by the central bank to implement or signal its monetary policy stance.

The monetary policy committee met last month to make a decision on the matter, following a similar meeting held in June this year.

The June meeting recommended a slash in the base rate from 22 percent to 18 percent, thereby pushing commercial banks to reduce their interest rates.

RBM Governor Dalitso Kabambe, who is also Chairman of the monetary policy committee, said the decision to maintain the policy rate will help, consolidate economic gains and help maintain the single digit inflation rate.

According to NSO, the current inflation rate indicates a decline of 0.9 percent from the month of July, 2017.

The urban and rural rates stand at 8.9 percent and 9.8 percent respectively. Overall, food inflation stands at 6.2 percent from 7.4 percent in July 2017 while non-food inflation stands at 12.2 percent from 12.7 percent in July 2017.

This year, Malawi produced more than 30 percent surplus in maize owing to good climatic conditions after two successive years of low output due to drought and floods.

NSO figures released show that August inflation rate has eased by 0.9 percentage points from July’s 10.2 percent.

During the same period last year, inflation was at 22.8 percent, and this shows that prices of goods and services have increased at a much more reduced rate.


  • Comment Link Kenny Kenny Friday, 05 January 2018 05:41

    Wow! This blog looks just like my old one! It's on a entirely different topic but it has pretty much the same layout and design. Excellent choice of colors!

  • Comment Link Justzoolla Justzoolla Friday, 22 December 2017 15:46

    Difference Entre Cialis Kamagra Keflex Antibioltic http://costofcial.com - buy cialis Viagra Comment Procurer Cialis By Mail Viagra 100 Teilen Buy Wellbutrin Without A Perscrition cheap cialis Where Can I Buy Cipro Xr Viagra Fast Shipping Usa Package Insert Amoxicillin Teva Pharaceuticals Cialis En Las Farmacias http://costofcial.com - cialis Propecia Y Embarazo Sexual Risks Propecia

  • Comment Link samsung tool pro 30.1 samsung tool pro 30.1 Monday, 18 December 2017 01:13

    I must say, as a lot as I enjoyed reading what you had to say, I couldnt help but lose interest after a while.

  • Comment Link minitool partition wizard crack minitool partition wizard crack Saturday, 16 December 2017 15:10

    I’m impressed, I have to admit. Genuinely rarely should i encounter a weblog that’s both educative and entertaining, and let me tell you, you may have hit the nail about the head. Your idea is outstanding; the problem is an element that insufficient persons are speaking intelligently about. I am delighted we came across this during my look for something with this.

  • Comment Link Felipe Felipe Sunday, 10 December 2017 03:40

    Iím not that much of a internet reader to be honest but your blogs really nice, keep it up! I'll go ahead and bookmark your site to come back down the road. Cheers

Leave a comment

Make sure you enter the (*) required information where indicated.Basic HTML code is allowed.

Capital Tweets

Any data to display

Find Us on Facebook