Revered economist, Chifipa Mhango says the hiking of policy lending rate by the Reserve Bank of Malawi (RBM) by 200 basis points, from 22% to 24%, did not come as a surprise as this is what he already projected. He said “in an economic environment where the currency is under continuous devaluation, that alone adds […]
The post Policy lending rate hikes by RBM will add more pressure on borrowers—Chief Economist Chifipa Mhango appeared first on Malawi Nyasa Times – News from Malawi about Malawi.