Economy
Commercial banks raise reference rate to 21.20%
Commercial banks have raised the lending reference rate for September to 21.20 percent from 20.80 percent. This further increases the cost of borrowing for households and businesses. Announcments published by four of the country’s eight banks— including Standard Bank, CDH Bank, FDH Bank and First Capital Bank…
Times Group MalawiBy Bernadetta Chiwanda Mia
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Read at Times Group Malawi →Original headline: “Commercial banks raise reference rate to 21.20%”
- Business
- Banks
- liquidity
- reference rate