jenny
New Member
Posts: 36
|
Post by jenny on Jul 11, 2014 15:47:15 GMT
The Reserve Bank of Malawi (RBM) made the biggest adjustment to its interest rate by reducing the policy rate lower by 250 bps. In turn, the regional central bank of the Economic and Monetary Community of Central Africa (CEMAC), the Banque des États de l’Afrique Centrale (BEAC), reduced its tender rate by a much smaller 30 bps, while the Central Bank of Kenya (CBK) decided to leave its main policy rate unchanged. On the other side of the spectrum, the Bank of Ghana (BoG) decided to increase its policy rate by 100 bps. Malawi’s Monetary Policy Committee (MPC) convened its third meeting of the year on July 8 and cut its policy rate downwards by 2.5 percentage points to 22.5 per cent. The MPC statement noted that the Lombard rate will consequently decrease from 27 per cent to 24.5 per cent. The central bank expects inflation to continue decelerating. However, while inflationary pressures have certainly lessened over the past few months (and are expected to continue to do so in coming months), this is primarily attributed to foreign exchange inflows connected to the tobacco sector, which in turn has helped stabilise the Malawian kwacha. Read more www.cnbcafrica.com/news/financial/2014/07/11/diverse-mpc-moves-set-african-apart/
|
|