BANK of Zambia (BoZ) Governor Dr Denny Kalyalya says the country’s economic situation is far from normal. He says the measures that government is implementing through the Central Bank to arrest rising inflation may look contradictory, but things might get worse if action is not taken. The Governor says the Central Bank’s current focus shows that inflation is moving further away from the 6 to 8 percent target band. Meanwhile, Dr Kalyalya has disclosed that as of December 2023, gross international reserves increased to $3.3 billion – equivalent to 3.7 months of import cover. He has also revealed that the Central Bank purchased $43.2 million worth of gold in 2023. Speaking at a Monetary Policy Committee media briefing, yesterday, the...