BANK of Zambia governor Dr Denny Kalyalya says the Monetary Policy Rate has been maintained at 9 percent due to the sharp deceleration in inflation in the second quarter and lingering vulnerabilities in the financial sector. And Dr Kalyalya has advised consumers to exercise their consumer rights by not paying for overpriced commodities in order to enjoy the benefits of the Kwacha appreciation. At a media briefing, Wednesday, Dr Kalyalya said the decision to maintain the policy rate was arrived at during the Monetary Policy Committee meeting held on August 15 and 16. “The Monetary Policy Committee (MPC) at its August 15-16, 2022 meeting decided to maintain the monetary policy rate at 9.0 percent. The committee considered the sharp deceleration…...

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