A study by the Reserve Bank of Malawi (RBM) to evaluate the practicability of including the exchange rate as one of the response variables in the monetary policy reaction function has established that the development has more losses than benefits. The RBM’s monetary policy has since 2018 been guided by a version of an inflation
Financial Market Dealers Association of Malawi (Fimda) has warned that unless underlying demand and supply challenges in the forex market are addressed, attempts to improve forex mismatches including devaluation on the kwacha will not yield any results. Fimda president Leslie Fatch said this in view of the widening misalignments in the foreign exchange market, a
Reserve Bank of Malawi (RBM) says the country’s inflation faces a new threat emanating from the recent decision by the Organisation of Petroleum Exporting Countries (Opec) to cut oil production which has increased prices. The central bank projects headline inflation to rise to 24.5 percent in 2023 as opposed to 18.2 percent that was predicted
Malawi’s inflation rate for April 2023 has hit a 10-year high of 28.8 percent largely due to continued increase in food prices, National Statistical Office (NSO) figures show. NSO data shows that when compared to March this year, the rate of the increase in the prices of goods and services over a given period, rose
There are mixed reactions to the Reserve Bank of Malawi (RBM) plan to re-introduce customs declaration forms for exports to help track forex flows with some stakeholders arguing the move could fuel tax evasion. In a statement, RBM Governor Wilson Banda said the measure, set to come into effect on May 17, will ensure that