IMF aims at major reforms of Malawi’s central bank
Aid aims to help central bank move to interest-rate-based framework and inflation targeting
The International Monetary Fund will focus on improving the Reserve Bank of Malawi’s monetary policy and financial supervision framework as part of its latest assistance package.
“We will complete the transition to an interest rate-based operational framework and aim to adopt inflation targeting over the medium term,” the Malawian authorities say in their response to the latest article IV consultation with the IMF.
The central bank currently operates a “monetary aggregate targeting framework
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