ECONOMIST Bright Chizonde says he expects the Bank of Zambia’s Monetary Policy Committee to increase the Monetary Policy Rate (MPR) today. Bank of Zambia Governor Dr Denny Kalyalya is today expected to announce the Monetary Policy Rate which currently stands at 9.25. In an interview, Monday, Chizonde said the double digit inflation as well as the continued slow depreciation of the Kwacha on the exchange rate will trigger an increase in the policy rate. “What I expect is that most likely they are going to increase the rate again. The Central Bank is usually focused on inflation, and you know that inflation is back in double digit now, so if they make a projection of inflation, and we are also...

To continue reading this premium content, login to your account or Subscribe to our ePaper using the buttons below.
Log In Subscribe