ECONOMIST Caesar Cheelo has urged the Bank of Zambia (BoZ) to maintain the Monetary Policy Rate (MPR) at eight per cent as increasing it will tighten liquidity conditions in the financial market. And Cheelo says the BoZ’s Medium-Term Refinancing Facility remains limited to stimulate other sectors, such as manufacturing and agriculture where demand for goods is likely to increase as the COVID-19 pandemic dissipates. In an interview, Cheelo observed that reducing the MPR would lead to a rise in inflation and increase the cost of living. “My MPC expectation is...

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