The Reserve Bank of Malawi (RBM) is optimistic that the inflation rate will soon take a downward trajectory.
The central bank gave this perspective during the first 2024 monetary policy technical forum in Blantyre.
According to RBM Director of Economic Policy and Research, Kisu Simwaka, the tight monetary policy stance that the bank is pursuing, coupled with robust fiscal policies implemented by the government, will help to send the inflation rate back to single digits.
Financial Market Dealers Association Vice President, Davie Mwenechanya, said they equally share RBM’s perspective.
The forum brought together different players of the economy, who offered different solutions to the sector.