Central Bank

Reserve Bank of Malawi Raises Policy Rate by 2% as Inflation Surge in November

Posted on by The Editorial Team
Reserve Bank of Malawi Raises Policy Rate by 2% as Inflation Surge in November

LILONGWE, Malawi, Capital Markets in Africa — Reserve Bank of Malawi Monetary Policy Committee (MPC) met on 4th November 2015 and examined the external and domestic economic developments and decided to raise the Policy rate to 27 percent from 25 percent in order to contain second round effects of rising inflation, according to statement signed by the Reserve Bank of Malawi governor Mr Charles S.R. Chuka. The Liquidity Reserve Requirement (LRR) at 7.5 percent having adjusted…

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Kenya’s Monetary Policy Committe retains Policy Rate at 11.50 percent

Posted on by The Editorial Team
Kenya’s Monetary Policy Committe retains Policy Rate at 11.50 percent

Nairobi, Kenya, Capital Market in Africa — At the end of the September 22nd 2015 Monetary Policy Committee (MPC) meeting, the MPC kept the policy rate (Central Bank Rate — CBR) at 11.5 percent, with intention to  keep inflation in control which was trending towards the five percent target. The  benchmark interest rate, was kept unchanged for the third time after it was raised in July by 150 basis points to current level.  The MPC, also…

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Reserve Bank of Malawi Keeps Policy Rate at 25% as Inflation Ease in April

Posted on by The Editorial Team
Reserve Bank of Malawi Keeps Policy Rate at 25% as Inflation Ease in April

LILONGWE, Malawi, Capital Markets in Africa — Reserve Bank of Malawi Monetary Policy Committee (MPC) met on 29 April 2015 to review recent global and domestic economic developments, and decided to maintain the Policy Rate at 25 percent and Liquidity Reserve Requirement (LRR) at 15.5 percent. The Malawi real GDP growth is estimated at 5.4 percent in 2015 from the previous projection of 5.8 percent. The downward revision has been necessitated by a contraction in…

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