ECONOMIST Dr Lubinda Haabazoka says it will be very difficult for Zambia to reach single digit inflation because the exchange rate has been very volatile. On Monday, Finance and National Planning Minister Dr Situmbeko Musokotwane expressed confidence that the country was in a good position to get back to single-digit inflation going into May and June. In an interview, Tuesday, Dr Haabazoka said the proper exchange rate between the Zambian Kwacha and the dollar should be around K18 and not K30. “I think that it will be very difficult to go to a single digit inflation because the exchange rate has been very volatile and that even if we went back to single digit inflation, it will be very difficult...

This premium content is for paid ePaper subscribers.
Subscribe
Already a member? Log in here