Malawi central bank keeps policy rate at 18%

BLANTYRE, Feb 2 (Reuters) - 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 slowdown 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.

Reporting by Frank Phiri; Writing by Nellie Peyton; Editing by Alexander Winning

Reuters

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Malawi central bank keeps policy rate at 18%

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