By Burnett Munthali
Reserve Bank of Malawi (RBM) Governor Dr. MacDonald Mafuta Mwale has issued a cautionary note on the country’s economic prospects, warning that inflation could rise further if corrective measures are not taken.
Speaking during the Public Affairs Committee (PAC) 6th All-Inclusive Stakeholders Conference in Blantyre, Mwale presented the current status of Malawi’s economy, focusing on inflation trends.
He revealed that the nation’s current inflation rate stands at 29.2 percent—a concerning figure that remains one of the highest in the region.
While acknowledging a recent slight drop in inflation, Mwale emphasized that the decline may not be sustainable and should not be interpreted as a sign of long-term stability.
He said, “We can easily go back to the high levels,” pointing to persistent economic risks that could reverse the downward trend.
The Central Bank chief noted that despite some encouraging indicators, Malawi remains vulnerable to inflationary pressures driven by both domestic and international factors.
In his presentation, which is still ongoing, Dr. Mwale is expected to delve deeper into the underlying causes of inflation and outline what policy interventions are necessary to contain it.
His remarks have added urgency to economic discussions at the PAC conference, where stakeholders are seeking consensus on strengthening governance, stability, and transparency as the nation heads toward the 2025 general elections.