BANK of Zambia governor Christopher Mvunga says President Hakainde Hichilema’s pronouncement that his government had taken over an empty Treasury was said in the context of the country having less money in its coffers compared to what was needed to service the debt. And Mvunga says the monetary policy committee has maintained the monetary policy rate at 8.5 percent. Meanwhile, Mvunga has refused to comment on the leaked telephone conversation between him and PF member Chishimba Kambwili which suggests the latter was trying to influence the issuance of government bonds,...

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