Blantyre — Malawi’s central bank has kept its benchmark lending rate at 18%, it said on Thursday.
“The economic outlook has materially improved, after a sharper-than expected slowd’sown last year, due to the expected recovery in the agricultural sector and an improvement in (the) policy environment,” the Reserve Bank of Malawi said in a statement.
Inflation has also begun to moderate after several months of consecutive uptick, but it remains high and significantly above the target, it added.
*Frank Phiri; Nellie Peyton; Editing: Alexander Winning – Reuters
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