Central bank, the Reserve Bank of Malawi (RBM) has maintained a policy which banks use for interest rates, the policy rate at 12 percent. RBM Governor Wilson Banda in a statement issued on Thursday after a two-day meeting of the Monetary Policy Committee (MPC) said the decision was deemed necessary though inflation pressures are mounting. […]
The post RBM maintains policy rate at 12% appeared first on Malawi Nyasa Times – News from Malawi about Malawi.