The benchmark interest rate in Malawi was last recorded at 14 percent. source: Reserve Bank of Malawi

Interest Rate in Malawi averaged 23.11 percent from 2001 until 2022, reaching an all time high of 75.53 percent in February of 2001 and a record low of 12 percent in November of 2020. This page provides - Malawi Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Malawi Interest Rate - data, historical chart, forecasts and calendar of releases - was last updated on August of 2022.

Interest Rate in Malawi is expected to be 14.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Malawi Interest Rate is projected to trend around 13.50 percent in 2023 and 12.00 percent in 2024, according to our econometric models.

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Malawi Interest Rate

Calendar GMT Actual Previous Consensus TEForecast
2022-02-03 02:15 PM 12% 12% 12%
2022-05-04 01:25 PM 14% 12% 13.5%
2022-07-28 10:10 AM 14% 14% 14%

Related Last Previous Unit Reference
Interest Rate 14.00 14.00 percent Jul 2022
Money Supply M2 1838.10 1882.50 MWK Million Nov 2021
Foreign Exchange Reserves 468.20 374.80 MWK Billion Apr 2021
Money Supply M1 796100.00 756900.00 MWK Million Apr 2021

Malawi Interest Rate
In Malawi, interest rates decisions are taken by the Reserve Bank of Malawi’s Monetary Policy Committee. The RBM’s official rate is the key interest rate.
Actual Previous Highest Lowest Dates Unit Frequency
14.00 14.00 75.53 12.00 2001 - 2022 percent Daily

News Stream
Malawi Hikes Interest Rate to 14%
The Reserve Bank of Malawi raised its benchmark policy rate by 200bps to 14 percent in its second meeting of 2022 held on April 29th, to contain strong inflationary pressures. The annual inflation rate in Malawi quickened to a near five-year high of 14.1% in March of 2022, reflecting largely the impact of the rising global energy and food prices. The pressures on inflation are expected to persist, mainly due to the spill-over effects of the ongoing war in Ukraine, sanctions imposed on Russia, as well as the impact of the unfavourable weather conditions during the 2021/22 agricultural season. The annual average headline inflation for 2022 is now projected at 12.3 percent from an earlier forecast of 10.4 percent. Meanwhile, the bank said that domestic real GDP growth is projected at 4.1 percent in 2022, from an estimated growth of 3.9 percent in 2021, driven by the agriculture sector.
Malawi Holds Interest Rate Steady at 12%
The Reserve Bank of Malawi kept its benchmark policy rate unchanged at a record low of 12% at its first meeting of 2022 held on 2nd and 3rd February, saying the decision was appropriate at this time, to allow for continued economic recovery. Meanwhile, policymakers noted that, although inflation pressures are mounting, the sources were considered transitory and likely to dissipate. The annual inflation rate in Malawi quickened to a two-year high of 11.5% in December of 2021, driven by both food and non-food prices. Pressures on inflation are likely to continue, mainly arising from a seasonal increase in prices of domestically produced food items, and imported inflation. Accordingly, the central bank revised upwards its inflation forecasts for 2022 to 10.4%, from an earlier forecast of 8.9%. The economy is projected to grow by 4.1% in 2022, driven by both the agricultural and non-agricultural sectors, despite the uncertainty regarding the COVID-19 pandemic and the recent cyclone Ana.
Malawi Keeps Monetary Policy Steady
The Reserve Bank of Malawi kept its benchmark policy rate unchanged at a record low of 12.0 percent at its November 2021 meeting. The decision is aimed at supporting economic recovery and job creation, against a backdrop of inflationary pressures. The annual inflation rate in Malawi quickened to a three-month high of 8.9 percent in September of 2021, compared to 8.4 percent in August.