RBM engage Nyika media club on monetary policy

By Everister Lungu

The Reserve Bank of Malawi (RBM) has urged media practitioners to verify facts before disseminating the information about the country's economy, stressing that misinformation has led to various consequences on the market.

Disinformation has caused prices to increase -Linje PIC Everister Lungu

Director of Financial Services at the Bank,Chakudza Linje said this during a media training on Monday with journalists from Nyika Media in Mzuzu.

She said disinformation has caused sellers to raise commodity prices based on assumptions.

Linje further called on the private sectors to increase production, saying the high inflation is largely due to the country’s limited exports.

"I would like to ask private sectors to increase production because the current high inflation is largely due to the country's limited exports,.

" We thought to bring journalists together and train them about monetary policy because we feel that some disinformation has led to sellers raise prices of commodities based on just assumptions," said Linje.

Some of the journalists during the meeting

In his remarks Nyika Media Club chairperson Feston Malekezo said that the meeting has brought in a lot of insights and has encouraged fellow journalists to verify facts in their reporting to help reduce misinformation.