News
Forex reserves in slight jump'RBM
2+ week, 2+ day ago (479+ words) Malawi's foreign exchange reserves have risen to $608. 9 million (about K1. 1 trillion), equivalent to 2. 4 months of import cover at the end of February this year, signalling modest improvement in external liquidity, but still falling short of adequacy thresholds. The increase, up from…...
RBM signals readiness for middle east crisis
2+ week, 6+ day ago (537+ words) The Reserve Bank of Malawi (RBM) says it is prepared to act to contain inflation and exchange rate pressures triggered by global fuel and shipping disruptions occasioned by the Middle East crisis. RBM's comments follow a United Nations (UN) warning…...
Geopolitics key to inflation, rate targets
1+ week, 1+ day ago (379+ words) Malawi's ambition to reduce inflation to around 15 percent and ease the policy rate to 18 percent may depend less on domestic policy'and more on developments beyond its borders. Economics Association of Malawi (Ecama) president Bertha Bangara-Chikadza says the country's heavy reliance…...
Govt promises fiscal reforms
1+ mon, 2+ week ago (472+ words) Malawi's reform agenda has entered a decisive phase with the government pledging fiscal consolidation and export revival amid private sector warning that policy distortions, foreign exchange shortages and administrative bottlenecks continue to suppress growth. The 22nd edition of the Malawi Economic…...
Why "end" of the borrowing binge could trigger rates cut
2+ mon, 17+ hour ago (845+ words) In modern economic systems where governments and borrowing are like conjoined twins, it is a rare spectacle to see the otherwise borrowing-happy Malawi Government turning down "offers" for more loans using instruments such as Treasury Bills (T-Bills). To money market…...
Policy shift key to solving forex woes
2+ mon, 1+ week ago (548+ words) Economists have expressed concern that the Reserve Bank of Malawi's (RBM) strict enforcement procedures will not ease the strain in the country's foreign exchange market unless structural gaps are addressed. The remarks follow instructions from RBM deputy governor for economics…...
When fiscal reform meets everyday reality
2+ mon, 1+ week ago (650+ words) The recent protests by vendors in Blantyre and Mzuzu may have faded from the streets, but the issues they raised have not. They offer a useful window into a wider national dilemma: how does Malawi fix its public finances without…...
SOEs, Fiscal Risk and Governance Reform
2+ mon, 1+ week ago (516+ words) This interview between Nation Publications Limited (NPL) senior business news analyst ERIC MTEMANG'OMBE and the Economics Association of Malawi (Ecama) president Bertha Bangala-Chikadza follows the release of two key reports that have renewed scrutiny of the performance and governance of…...
RBM sees bright spot in inflation forecast
3+ mon, 5+ day ago (458+ words) The Reserve Bank of Malawi (RBM) has projected an optimistic inflation outlook for the near-term, noting that easing food prices have bolstered Malawi inflation's resilience to external shocks. In its latest Market Intelligence Report, the central bank noted that the…...
Forex distortions worry World Bank
3+ mon, 6+ day ago (526+ words) The World Bank says distortions related to the Reserve Bank of Malawi (RBM) foreign exchange operations have affected the central bank's balance sheet, requiring fiscal transfers and recapitalisation through the issuance of promissory notes. Economists have since warned that the…...