Reserve Bank of Malawi reduces policy rate to 14.5%
The Reserve Bank of Malawi (RBM) has trimmed the policy rate—the rate at which commercial banks borrow from the central bank as lender of last resort—by one point five percentage points from 16 percent to 14.5 percent.
RBM governor Dalitso Kabambe announced this at a news conference on the Monetary Policy Committee decision.
He said RBM are hopeful that commercial banks “will respond to this cut” to promote economic activity.
The bank has also reduced Liquidity Reserve ratio to 5% from 7.5%.
Kabambe says from now on, commercial banks will use the Lombard rate at 14.9% as the base lending rate.
He urged the banks to restructure themselves so that they offer loans at a low cost without affecting their operating profits.
RBM has since said it will continue engaging commercial banks to reduce their interest rate to reduce the cost of capital.
Follow and Subscribe Nyasa TV :
PANO MWAVOMELA MP UJA ANANENA KUTI A MA BANK AKUPWETEKA ANTHU MWAONA TU SANATI KWATSALA MWEZI ITATU MUONA ZAMBILI
Its still too high indeed
its still too high indeed, would do it better than that
Tadziyamikani ndikochepa komwe mwapatsidwa ana a njoka inu
This is all politics at best.
[email protected] it up!
Stupid political decisions, we have suffred the last 5yrs and now you want to look like you smart just because you our votes? rubbish RBM and stupid mathanyula politicians
Good development
Nkhani izi ku Malawi kuno ai ndithu zero comment…Thanks government for working hard to create an enabling condition.
After squeezing us all these years, what is the true meaning of this? School me please?
Who is still to benefit mulli or poor malawians?
Still too high!
why is it so difficult to get a loan in Malawi even if customers have all the required documents ? How can we move forward like this ? That’s why cases of suicide are very high than before —please help Malawians —
Good development