The Reserve Bank of Malawi left its benchmark policy rate unchanged at a record low of 12% at its January 2021 meeting. The decision is aimed to contain the impending inflationary pressures whilst at the same time providing space for supporting recovery of the economy in the wake of the second-wave of the COVID-19 pandemic. The Committee also mentioned that the decision will allow the impact of the November 2020 policy rate reduction to transmit and permeate through the economy. Policymakers noted that the headline inflation has been declining since January 2020 to an average of 7.5% in the fourth quarter of 2020 although it is projected to average 7.8% in 2021. The economic growth outlook remains uncertain, largely dependent on the evolution of the COVID-19 pandemic. In general, domestic economic growth is likely to remain subdued in 2021. source: Reserve Bank of Malawi
Interest Rate in Malawi averaged 23.82 percent from 2001 until 2021, reaching an all time high of 75.53 percent in February of 2001 and a record low of 12 percent in November of 2020. This page provides - Malawi Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Malawi Interest Rate - data, historical chart, forecasts and calendar of releases - was last updated on April of 2021.
Interest Rate in Malawi is expected to be 12.00 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 11.00 in 12 months time. In the long-term, the Malawi Interest Rate is projected to trend around 11.00 percent in 2022, according to our econometric models.