The Economics Association of Malawi (ECAMA), in partnership with Oxfam in Malawi, Malawi Economic Justice Network (MEJN), and Malawi University of Business and Applied Sciences-MUBAS, today hosted a public lecture under the theme: “Taming Inflation: The Role of Monetary Policy.” at MUBAS
Mr. James Kenani, the ECAMA Executive Committee Treasurer General, in his opening remarks said, “As we are all aware, inflation is one of the most pressing economic challenges facing Malawi today. Rising prices of goods and services directly affect households, businesses, and the overall economy. For families and individuals, inflation reduces purchasing power and makes it more difficult to meet daily needs. For businesses, inflation increases production costs and creates uncertainty about investment. And for students, well, our pocket money now buys fewer groceries than it bought last year.”
The keynote speaker, Dr. Wytone Jombo delivered an intellect presentation on the drivers of inflation in Malawi, the monetary policy tools used by the Reserve Bank of Malawi, and the challenges of maintaining price stability.
The lecture initiated an active engagement from students of MUBAS, MUST, and Catholic University, highlighting the critical need for young people to understand how inflation affects their daily lives and futureopportunities.
One of the students from MUST commented that this is hightime that we consider investing in technology to boost local production to beat the inflation.
