Malawi bank tight­ens pol­icy on in­fla­tion

Weekend Argus (Saturday Edition) - - LIFE -

MALAWI’S cen­tral bank said it was leav­ing its main lend­ing rate un­changed at 25 per­cent, but an­nounced other mone­tary tight­en­ing mea­sures aimed at con­tain­ing risks to in­fla­tion.

The bank said on Thurs­day that from Jan­uary 1 it would strengthen the liq­uid­ity re­serve ra­tio.

It would also in­tro­duce a Lom­bard fa­cil­ity un­der which au­tho­rised banks with ap­pro­pri­ate col­lat­eral would bor­row funds at 2 per­cent­age points above the bank rate.

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