The Economics Association of Malawi (Ecama) has backed the Reserve Bank of Malawi (RBM)’s decision to maintain a tight monetary policy, saying persistent inflationary pressures and emerging El Niño risks make it difficult to consider reducing interest rates.
At its fourth meeting of 2026, held from October 27 to 28, the Monetary Policy Committee (MPC) maintained the Policy Rate at 24 percent, the Liquidity Reserve Requirement (LRR) for local currency deposits at 12 percent and that for foreign currency deposits at 3.75 percent.
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