Malawi raises bank rate to 400 basic points to stabilize kwacha, stem inflation

From Face of Malawi Tue Dec 4 2012, 05:14:51

The central bank of Malawi raised its benchmark bank rate by 400 basis points to 25.0 percent in an "urgent need to stabilize the Kwacha and in order to anchor inflation expectations." The Reserve Bank of Malawi added in a statement that the bank rate was now in line with developments in both non-food inflation [...]

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