Reserve Bank of Malawi Governor Dalitso Kabambe presented plans to attain an inflation target of 5% within 2019 and 2021. The following are some highlights;

Foreign Exchange Policies

Kabambe declared that policies have been put in place to curb illegal foreign exchange externalisation, which has costed the central bank more than K4bn. Partnering with MRA and Malawi Police Service, RBM is serious about eradicating the crime.

Non performing loan limit

RBM will be supervising commercial banks’ non performing loans, making sure such loans do not go beyond 5%.

Inflation rate goal

Remarking that RBM has predicted an inflation rate of 9.5% but resulted into 9.2% instead, Kabambe dared the odds by declaring an expectation of achieving 5% inflation rate by the first quarter of 2021.