THE Bank of Zambia has maintained the Monetary Policy Rate at 14.5 per cent. And Bank of Zambia Governor Dr Denny Kalyalya has explained that the improvement in the exchange rate seen in the first quarter of this year was due to improved foreign exchange supply by the mining sector. Speaking during a media briefing, Friday, Dr Kalyalya said maintaining the Monetary Policy Rate was appropriate due to the recent decline in inflation to 16.5 per cent. “At its meeting on May 21-22, the Monetary Policy Committee decided to maintain the policy rate at 14.5 per cent. Maintaining the current stance of monetary policy, the committee deemed it appropriate considering the recent decline in inflation to 16.5 per cent in...