BANK of Zambia (BOZ) Governor Dr Denny Kalyalya says the intensified procurement of agriculture and petroleum products in the fourth quarter of 2022 resulted in the depreciation of the Kwacha to K16.69. And Dr Kalyalya says the Monetary Policy Committee has maintained the Monetary Policy Rate at 9 percent for the fourth time. Meanwhile, Dr Kalyalya says the current economic growth is not sufficient to address poverty levels in the country. Speaking during the 2022 third-quarter Monetary Policy Committee press briefing, Wednesday, Dr Kalyalya said the inflation rate remained low hence the decision to maintain the policy rate at 9 percent. “The committee decided to maintain the policy rate at 9 percent. This will be the fourth time that we...