ECONOMIST Chibamba Kanyama says the continued reduction of the inflation rate is due to the interventions made by the Bank of Zambia like increasing the monetary policy rate. And Kanyama says the increase in fuel prices will not have a major impact on the inflation rate. Commenting on the reduction of the inflation rate from 19.3 percent recorded in November 2021 to 16.4 percent in December, Kanyama said the continued reduction in the inflation rate was due to the decision by the Bank of Zambia to increase the monetary policy rate to nine percent from 8.5 percent. “First of all remember that the higher level of inflation was mainly due to economic instability, the COVID factor for 2020 had a…...

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