The Reserve Bank of Malawi left its benchmark policy rate unchanged at 16 percent at its July 2018 meeting, saying that risks to inflation outlook persist despite a recent reduction in inflation to 8.9 percent in May 2018. Policymakers added that the decision also aims to support disinflation towards the medium term target of 5 percent. GDP is expected to grow by 4 percent in 2018, down from 5.1 percent in 2017 due to a slump in agriculture output. The lombard rate was also kept at 18 percent and the liquidity reserve requirement at 7.5 percent. Interest Rate in Malawi averaged 25.16 percent from 2001 until 2018, reaching an all time high of 75.53 percent in February of 2001 and a record low of 13 percent in August of 2010.

Interest Rate in Malawi is expected to be 16.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Interest Rate in Malawi to stand at 14.00 in 12 months time. In the long-term, the Malawi Interest Rate is projected to trend around 15.00 percent in 2020, according to our econometric models.

Malawi Interest Rate
Forecast Data Chart
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Calendar GMT Actual Previous Consensus TEForecast
2018-03-28 02:00 PM Interest Rate Decision 16% 16% 16%
2018-07-04 02:00 PM Interest Rate Decision 16% 16% 16%
2018-09-26 01:00 PM Interest Rate Decision 16% 16% 16%
2019-01-30 02:00 PM Interest Rate Decision 16%
2019-04-26 02:00 PM Interest Rate Decision
2019-07-31 02:00 PM Interest Rate Decision

Malawi Money Last Previous Highest Lowest Unit
Interest Rate 16.00 16.00 75.53 13.00 percent [+]
Deposit Interest Rate 9.95 11.41 42.00 3.50 percent [+]
Money Supply M1 537700.00 517800.00 565214.90 56.40 MWK Million [+]
Money Supply M2 1130100.00 1140600.00 1141700.00 90.70 MWK Million [+]
Foreign Exchange Reserves 550.70 606.70 730.70 19.30 MWK Billions [+]

Malawi Interest Rate

In Malawi, interest rates decisions are taken by the Reserve Bank of Malawi’s Monetary Policy Committee. The RBM’s official rate is the key interest rate. This page provides - Malawi Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Malawi Interest Rate - actual data, historical chart and calendar of releases - was last updated on January of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
16.00 16.00 75.53 13.00 2001 - 2018 percent Daily

Country Last Previous
Argentina 57.32 Jan/19
Turkey 24.00 Jan/19
Mexico 8.25 Dec/18
Russia 7.75 Dec/18
South Africa 6.75 Dec/18
Brazil 6.50 Dec/18
India 6.50 Dec/18
Indonesia 6.00 Jan/19
China 4.35 Dec/18
Saudi Arabia 3.00 Dec/18
United States 2.50 Dec/18
Singapore 1.76 Dec/18
Canada 1.75 Jan/19
South Korea 1.75 Dec/18
Australia 1.50 Dec/18
United Kingdom 0.75 Dec/18
Euro Area 0.00 Dec/18
France 0.00 Dec/18
Germany 0.00 Dec/18
Italy 0.00 Dec/18
Netherlands 0.00 Dec/18
Spain 0.00 Dec/18
Japan -0.10 Dec/18
Switzerland -0.75 Dec/18