Reserve Bank of Malawi targets 5% inflation | The Times Group:
The Reserve Bank of Malawi (RBM) says it targets an inflation rate of five percent in the medium
The development comes when inflation inched up in January from 7.1 percent to 8.1 percent
following a rebasing process by the National Statistical Office.
In its sixth Monetary Policy Statement titled 'Sustaining Low Inflation Amidst New Risks' released
on Tuesday, RBM says the monetary policy stance during the first half of 2018 will focus on
entrenching disinflation and attaining the targeted five percent inflation in the medium term and
maintain a minimum of three months import cover of official foreign exchange reserves.
'via Blog this'
The Reserve Bank of Malawi (RBM) says it targets an inflation rate of five percent in the medium
The development comes when inflation inched up in January from 7.1 percent to 8.1 percent
following a rebasing process by the National Statistical Office.
In its sixth Monetary Policy Statement titled 'Sustaining Low Inflation Amidst New Risks' released
on Tuesday, RBM says the monetary policy stance during the first half of 2018 will focus on
entrenching disinflation and attaining the targeted five percent inflation in the medium term and
maintain a minimum of three months import cover of official foreign exchange reserves.
'via Blog this'
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