The Reserve Bank of Malawi left its benchmark policy rate unchanged at a record low of 12.0 percent at its July 2021 meeting. The decision aims to contain the impending inflationary pressure and the adverse effect of the recent COVID-19 pandemic restrictions. The Committee also mentioned that inflation rose to 9.1 for the second consecutive quarter, from 8.5 percent in the first quarter, due to a rise in food and non-food inflation. Policymakers noted that the domestic economy is set to recover in 2021 and grow by 3.8 percent. Meantime, the 2022 global economic growth forecast has been revised upwardly by 0.5 percentage points to 4.9 percent. source: Reserve Bank of Malawi
Interest Rate in Malawi averaged 23.58 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 September 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. In the long-term, the Malawi Interest Rate is projected to trend around 11.00 percent in 2022, according to our econometric models.