LILONGWE, July 31 (Reuters) - Malawi's central bank has cut its key interest rate to 13 percent from 15 percent amid falling inflation and slightly weaker growth projections, a senior central bank source said on Saturday.
'The Bank's monetary policy committee has decided to reverse the decision it made last month that the rate remains stable and decided to reduce it to 13 percent because the current economic environment justifies that,' the source told Reuters.
(Reporting by Mabvuto Banda, Writing by Ed Cropley, editing
by Miral Fahmy) (For more Africa cover visit: http://af.reuters.com. To comment on this story, email SouthAfrica.Newsroom@reuters.com) Keywords: MALAWI RATES/
(edward.cropley@thomsonreuters.com; +27 11 775 3165: Reuters Messaging: edward.cropley.reuters.com@reuters.net)
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