Kwacha’s strong outlook persists | The Times Group

Kwacha’s strong outlook persists | The Times Group: "Kwacha’s strong outlook persists
Posted By: Grace Thipaon: April 20, 2018In: BusinessNo Comments
An outlook of the performance of the economy going into the second quarter of 2018 done by Alliance Capital Limited, in association with Vunani Limited, points to continued stability of the exchange rate against the United States dollar, with a likelihood of appreciation.

However, Alliance Capital has also indicated that there are upside risks to other key fundamentals such as inflation, which is likely to go up following an anticipated rise in utilities and domestic fuel prices.

Elevated consumer spending associated with agricultural marketing season is also being seen as a potential risk factor.

Going forward, Alliance Capital has suggested that monetary authorities should exercise caution and be watchful of any changes in macroeconomic fundamentals."



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