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Exchange rate fluctuations fuel inflation
Summary by The Nation
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Exchange rate fluctuations fuel inflation
Malawi Economic Justice Network (Mejn) has linked exchange rate fluctuations to amplifying inflationary pressures in the country, with every depreciation of the kwacha quickly feeding into the cost of imported goods and production inputs. Mejn executive director Bertha Phiri, in a written response to The Nation questionnaire on Saturday, said Reserve Bank of Malawi (RBM) and International Monetary Fund (IMF) studies estimate Malawi’s exchange ra…
·Blantyre, Malawi
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