Malawi governor questions the cost of controlling inflation

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Reserve Bank of Malawi governor, Charles Chuka, questioned whether the central bank is able to tighten monetary policy to tackle the country's rampaging inflation, in a speech published on November 5.

Speaking at an economic conference held in Malawi on November 2–3, Chuka explained inflation has been driven by food scarcities throughout most of 2012 and the annual rate is approaching 30%. He said these pressures are expected to continue and questioned to what extent the central bank retains the

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