The Monetary Policy Committee (MPC) of Malawi has opted to keep the Policy rate unchanged at 26.0 percent following its second meeting of 2024. The decision, announced by Dr. Wilson T. Banda, Governor of the Reserve Bank of Malawi, reflects a balanced approach to economic management amidst a complex landscape. Governor Banda explained the rationale behind the MPC's decision, stating, "Considering recent economic trends, we believe maintaining the Policy rate is appropriate at this time, given the mixture of positive growth indicators and ongoing challenges." The committee took note of a slight slowdown in inflation, with headline inflation decreasing from 34.5 percent in December 2023 to 31.8 percent by March 2024. Governor Banda acknowledged this moderation, attributing it to declines in both food and non-food prices. However, he cautioned, "While we welcome this easing in inflationary pressures, we remain mindful of potential risks such as rapid money supply growth and global oil price fluctuations." Despite inflationary concerns, the committee remains cautiously optimistic about economic growth. Projections suggest a potential uptick to 3.2 percent in 2024, primarily driven by growth in construction and manufacturing sectors. Governor Banda noted, "We see promising signs of recovery in certain sectors, but we must remain vigilant, especially considering challenges faced by our export industry and potential weather-related disruptions." The governor then reaffirmed the committee's commitment to fostering stability and sustainable growth, stating, "Our decision reflects our dedication to balancing growth aspirations with the need for economic stability in the face of ongoing challenges."