As the topic of the proposed bill to cap interest rates is being discussed, the Chairperson of Parliamentary Joint Committee on Internet Capping Alekeni Menyani expressed his disappointment in the Reserve Bank of Malawi for their failure to make sure that affordable interest rates are available for the common Malawian.

The above was brought up during a meeting where RBM was was updating the Parliament Joint committee about interest capping legislation.

In response RBM governor Dalitso Kambambe said that the central bank’s target for 5% inflation would inspire developments like low interest rates.