The Reserve Bank of Malawi reduced its benchmark policy rate by 150 bps to 14.5 percent on January 30th 2019, bringing the rate to its lowest since 2011. Policymakers argued that the risks to inflation experienced in 2018 are dissipating and the macroeconomic outlook for 2019 is favourable. The bank added that the decision is consistent with the attainment of the medium term inflation objective of 5 percent. GDP is expected to grow by 4.1 percent in 2019, due to a rebound in agriculture output; and inflation to average 8.5%, on course towards the target. The lombard rate was also cut to 14.9% from 18%; the liquidity reserve requirement to 5% from 7.5% for domestic currency deposits and to 3.75% from 7.5% for foreign currency deposits. Interest Rate in Malawi averaged 25.02 percent from 2001 until 2019, 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 14.50 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 14.50 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
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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 01:40 PM Interest Rate Decision 14.5% 16% 16%
2019-04-30 02:00 PM Interest Rate Decision 14.5% 14.5%
2019-07-31 02:00 PM Interest Rate Decision 14.5%
2019-10-30 02:00 PM Interest Rate Decision 14.5%


Malawi Money Last Previous Highest Lowest Unit
Interest Rate 14.50 16.00 75.53 13.00 percent [+]
Deposit Interest Rate 9.95 11.41 42.00 3.50 percent [+]
Money Supply M1 563900.00 537700.00 565214.90 56.40 MWK Million [+]
Money Supply M2 1168400.00 1130100.00 1168400.00 90.70 MWK Million [+]
Foreign Exchange Reserves 530.30 550.70 730.70 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 February of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
14.50 16.00 75.53 13.00 2001 - 2019 percent Daily




Country Last Previous
Argentina 43.94 Feb/19
Turkey 24.00 Jan/19
Mexico 8.25 Feb/19
Russia 7.75 Feb/19
South Africa 6.75 Jan/19
Brazil 6.50 Feb/19
India 6.25 Feb/19
Indonesia 6.00 Jan/19
China 4.35 Jan/19
Saudi Arabia 3.00 Jan/19
United States 2.50 Jan/19
Singapore 1.90 Jan/19
Canada 1.75 Jan/19
South Korea 1.75 Jan/19
Australia 1.50 Jan/19
United Kingdom 0.75 Feb/19
Euro Area 0.00 Jan/19
France 0.00 Jan/19
Germany 0.00 Jan/19
Italy 0.00 Jan/19
Netherlands 0.00 Jan/19
Spain 0.00 Jan/19
Japan -0.10 Jan/19
Switzerland -0.75 Jan/19


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