Inflation rate rises to 9.7% - The Nation Online: For four months in a row, Malawi’s year-on-year inflation rate has been on the upward spiral with National Statistical Office (NSO) figures released yesterday showing the rate has jumped by two percentage points from 9.5 percent in September to 9.7 percent in October.
The jump in inflation, caused by rising food and no-food items, has raised fears that the Reserve Bank of Malawi (RBM) could increase its policy rate—the rate at which commercial banks borrow from the central bank—at its next Monetary Policy Commitee (MPC) meeting in December. The rise in policy rate could also compel banks to increase the cost of borrowing
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