The Reserve Bank of Malawi (RBM) has resolved to maintain the policy rate—also known as the bank rate—at 13.5 percent in view of medium-term inflation outlook. RBM Governor, Dalitso Kabambe, announced this on Thursday after a two-day meeting of the Monetary Policy Committee (MPC). The adopted policy stance is deemed adequately tight to deal with […]
A top official of the central bank has expressed worry of the ever increasing prices of the staple food, maize, saying this could trigger inflation. The Reserve Bank of Malawi governor Dalitso Kabambe said he was worried with the maize prices despite the fact that the country registered bumper yield this year. “This situation is […]
Malawi’s inflation rate is likely to go down to 8 per cent by the end of this year (2019) if the government follows key principles by the International Monetary Fund (IMF). The inflation rate is expected to go down further to 5 per cent in the next three years coming. Speaking to journalists at Parliament […]
Falling maize – Malawi’s staple grain – and non-food itemd prices hs contributed to a drop in Malawi consumer price inflation during April, National Statistical Office (NSO) in Zomba has indicated. The rate fell by 0.2 percent to 9.7 percent . Figures published the NSO indicate that food inflation eased by 0.6 percentage points to […]
The much touted single digit national month to month inflation rate, as measured by the Consumer Price Index (CPI), continues to take an upward turn with one step up by 0.1 percent as households are feeling the pain from rising cost of living. Technically, inflation refers to the rate of the general rise or movement in […]
Sugar manufacturer, Illovo Sugar (Malawi) Limited has silently hiked the prices of the commodity without any justification. The increase comes at a time the country’s inflation is still at single digit and the central bank is touting Kwacha’s stability against major foreign currencies. In a document Nyasa Times has sourced, indicate that Illovo Sugar Malawi […]
Malawian households are feeling the pain from rising inflation after the cost of living rose has gone up by one percent, from 7.1 percent recorded in December to 8.1 percent for January 2018, National Statistical Office (NSO) has revealed. On a month-on-month basis, inflation during the same period was recorded at 4.5 percent with food […]
National Bank of Malawi (NBM) has raised fears that the country might not be able to attain the set five-percent inflation rate target due to stickiness in non-food inflation. The bank raised the fears in its edition of Economic Newsletter for the month of February, 2018 following a decline of non-food inflation by five percentage points in […]
Inflation statistical figures for the month of January have delayed, the National Statistical Office (NSO) has confirmed. NSO has since attributed the delay to the rebasing of its Consumer Price Index (CPI). “NSO releases inflation figures on the 15th of every month. This month, the delay is due to the rebasing exercise that we have […]
The country looks set to maintain the country’s inflation rate at single digit as economy heads in positive direction, the Reserve Bank of Malawi (RBM) has said. Malawi’s headline inflation is now at 7.7 percent, thus according to information the National Statistical Office (NSO) released last month. According to NSO, the headline inflation for November, 2017 […]
Malawian President Peter Mutharika has put a positive spin on the economy saying it is falling into the stable category from the negative when he took over power in 2014, projecting growth of 6 percent in 2018. Mutharika, who faces an election in May 2019, has said Malawi’s economy is likely to grow 6 percent in 2018, […]
The Reserve Bank of Malawi (RBM) has reduced the base rate —the rate at which commercial banks borrow from the central bank—from 18 percent to 16 percent after considering the country’s inflation outlook. Malawi’s headline inflation continues to drop and it is now at 7.7 percent as the National Statistical Office (NSO) indicated. The reduction […]
The country’s headline inflation continues to drop and it is now at 7.7 percent, the National Statistical Office (NSO) has confirmed. According to NSO, the headline inflation for November has gone one step down from October’s 8.3 percent compared to the headline inflation of 20.1 percent for the same period last year (October 2016). The […]
Kasungu South-East member of Parliament (MP) Khumbize Kandodo-Chiponda (Malawi Congress Party-MCP) has decried the poor state of the national economy and the rising poverty level in the country. Kandodo-Chiponda despite the government claiming positive ecomonic data such as reduction of inflation to single digit, there is no real effect trickling down to the citizenry. “The difference between 24 per cent to […]
Malawi economy remains on “life support” and has deteriorated despite government projecting a rosy picture, opposition Malawi Congress Party (MCP) member of parliament for Lilongwe North, Patricia Mkanda has said. In response to President Peter Mutharika’s speech during the opening of the 47 session of parliament, the Lilongwe North MP said the country’s economy is in […]
Minister of Finance, Economic Planning and Development Goodall Gondwe says plans are at an advanced stage to introduce a K5 000 banknote, designed to reduce the cost of printing money. He ismissed assertions that introduction of such a high value banknote would in the near future be inflationary, saying Malawi is already experiencing low inflation […]
Confederation of Chambers of Commerce and Industry (MCCCI) has commended the downturn of inflation by 9.3 percent as a significant step in boosting the country’s economy. MCCCI’s Chief Operations Officer, Chimwemwe Luhanga said this is a positive development as there are business opportunities the country would benefit from. He said such kind of environment is […]
Malawi inflation rate tapped a single digit to 9.93 percent in May, the central bank said, the first time it has dropped into single digits since 2010. According to NSO, the current inflation rate indicates a decline of 0.9 percent from the month of July, 2017. The urban and rural rates stand at 8.9 percent […]