{"id":32748,"date":"2012-10-04T16:48:00","date_gmt":"2012-10-04T20:48:00","guid":{"rendered":"http:\/\/countingpips.com\/forex-news\/2012\/10\/malawi-holds-interest-rate-steady-warns-of-growing-risks\/"},"modified":"2012-10-04T16:48:00","modified_gmt":"2012-10-04T20:48:00","slug":"malawi-holds-interest-rate-steady-warns-of-growing-risks","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex-news\/2012\/10\/04\/malawi-holds-interest-rate-steady-warns-of-growing-risks\/","title":{"rendered":"Malawi holds interest rate steady, warns of growing risks"},"content":{"rendered":"<p>By Central Bank News<br \/>\n&nbsp; &nbsp; The central bank of Malawi held its benchmark Bank rate unchanged at 21.00 percent against a backdrop of rising inflation, weak growth prospects and growing economic risks.<br \/>&nbsp; &nbsp; The Reserve Bank of Malawi, which has already raised interest rates twice this year for a total increase of 800 basis points, said economic growth was estimated to slow to a 1.6 percent rate this year and then rebound in 2013, helped by improvements the availability of foreign exchange and a recovery in the agricultural sector.<br \/>&nbsp; &nbsp; &#8220;According to financial stability assessments, macroeconomic risks have increased following the lower growth prospects for 2012. The risks have been reinforced by higher inflation expectations,&#8221; the Reserve Bank said in a statement following a meeting of its Monetary Policy Committee on Oct. 3.<br \/>&nbsp; &nbsp; Inflation rose to 25.5 percent in August from 21.7 percent in July, the bank said, due to higher food and non-food costs.<br \/>&nbsp; &nbsp; It said that high lending rates, averaging 31.4 percent, had heightened credit risks as some portfolios ran the risk of being non-performing. The high rates on the money market was also leading to low trading on the stock exchange and monetary and financial conditions remain tight.<br \/>&nbsp; &nbsp;<a href=\"http:\/\/www.centralbanknews.info\/\" target=\"_blank\"> www.CentralBankNews.info<\/a><br \/>&nbsp; &nbsp;<br \/>&nbsp; &nbsp;<br \/>&nbsp; &nbsp; &nbsp;<\/p>\n<div><img loading=\"lazy\" decoding=\"async\" width=\"1\" height=\"1\" src=\"https:\/\/blogger.googleusercontent.com\/tracker\/8290544642025682538-7517616672614201380?l=www.centralbanknews.info\" alt=\"\" \/><\/div><\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Central Bank News &nbsp; &nbsp; The central bank of Malawi held its benchmark Bank rate unchanged at 21.00 percent against a backdrop of rising inflation, weak growth prospects and growing economic risks.&nbsp; &nbsp; The Reserve Bank of Malawi, which has already raised interest rates twice this year for a total increase of 800 basis &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/forex-news\/2012\/10\/04\/malawi-holds-interest-rate-steady-warns-of-growing-risks\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Malawi holds interest rate steady, warns of growing risks&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-32748","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts\/32748","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/comments?post=32748"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts\/32748\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/media?parent=32748"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/categories?post=32748"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/tags?post=32748"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}