Zambians are expected to continue facing hard economic times with escalating poverty levels if government fails to urgently implement corrective fiscal measures, says the Centre for Trade Policy and Development (CTPD). Reacting to the Bank of Zambia’s (BoZ) hiked Monetary Policy Rate (MPR) to 10.25 per cent, CTPD’s lead researcher Bright Chizonde hailed the central bank for taking the bold move at trying to contain rising inflationary pressures and arrest the country’s economic downturn. He, however, cautioned that Zambians should expect to continue facing hard economic times with escalating poverty levels if government failed to urgently implement corrective fiscal measures. “The recent statement by the Bank of Zambia’s Monetary Policy Committee indicates that Zambia’s economic performance has continued to deteriorate…...

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