Policy lending rate hikes by RBM will add more pressure on borrowers—Chief Economist Chifipa Mhango

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 […]

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