08/03/2026
The Reserve Bank of Malawi (RBM) has announced a reduction of policy rate from 26% to 24% to support economic growth while keeping inflation under control.
The Monetary Policy Committee’s first meeting of 2026, held on March 4–5, has made the decision after reviewing three consecutive months of easing headline inflation.
In a statement today, the committee said headline inflation fell to 24.9% in January, the lowest since July 2022, with food inflation easing to 22.1% and non-food inflation rising to 29.8% due to higher imports, fuel, and electricity costs.
RBM projects the country’s economy to grow by 3.8% in 2026 and maintains a tight monetary stance to gradually bring inflation toward its medium-term target of 5%.
(by Chisomo Chingwalu-Lilongwe: 03/05/26)
