Cost of money up 10% in 5 months
The country’s commercial banks have raised their lending rates by 10 percent since June this year to 22.7 percent in November, increasing the cost of money for businesses and households, data show. Money market analysts say that with inflation easing but still elevated, the Reserve Bank of Malawi (RBM) is keeping monetary conditions tight, a … The post Cost of money up 10% in 5 months appeared first on Nation Online .