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Malawi's central bank leaves benchmark lending rate unchanged at 27 pct
July 29, 2016 / 3:41 PM / in a year

Malawi's central bank leaves benchmark lending rate unchanged at 27 pct

LILONGWE, July 29 (Reuters) - Malawi’s central bank has left the benchmark lending rate unchanged at 27 percent, the bank said on Friday, citing weak growth and lower agricultural production due to a severe drought.

“The MPC (Monetary Policy Committee) observed that global recovery was fragile and the outlook remained weak,” the central bank said in a statement after a two day meeting.

Writing by TJ Strydom; Editing by James Macharia

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