Benefits of rate cuts will take time—MCCCI

Rate Cuts and Your Bottom Line: Patience Will Be the Price - MCCCI

Key Business Points Lower lending costs are now available but will take time to benefit businesses due to foreign exchange constraints Forex shortages continue to block manufacturers from importing raw […] The post Rate Cuts and Your Bottom Line: Patience Will Be the Price – MCCCI appeared first on Business Malawi.

Benefits of rate cuts will take time—MCCCI

Malawi Confederation of Chambers of Commerce and Industry (MCCCI) and other industry players have cautioned that the benefits of reduced lending rates will take time to trickle down, citing forex shortages as a major constraint. But Bankers Association of Malawi (BAM) remains positive, saying the interest rate cut provides space for credit growth while advising investors to expect gradual and not dramatic movements. MCCCI and industry players we…