Malawi central bank keeps policy rate at 26%
Adds quote and growth forecasts in paragraphs 2-3
JOHANNESBURG, Nov 8 (Reuters) -Malawi's central bank said on Friday that its Monetary Policy Committee (MPC) had decided to keep its policy rate unchanged at 26.0% MWCBIR=ECI.
"The MPC noted that while inflation is expected to ease in 2025, there are still risks that could disrupt this outlook. In particular, the rapid growth in money supply is a policy concern," the central bank said in a statement.
It said the domestic economy was expected to grow 2.3% this year, constrained by the impact of El Nino weather conditions on agricultural production and continued shortages of foreign exchange. Next year growth is projected to pick up to 4.3%.
Reporting by Alexander Winning
Editing by Tomasz Janowski and Christina Fincher
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