May 11, 2012 / 7:39 AM / 6 years ago

Malawi c.bank jacks up rates to combat inflation

BLANTYRE, May 11 (Reuters) - Malawi’s central bank raised its benchmark interest rate to 16 percent from 13 percent on Friday to combat inflation expected to follow from a sharp currency devaluation earlier this week, according to a central bank directive seen by Reuters. (Reporting by Frank Phiri; Editing by Ed Cropley)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below