ECONOMICS Association of Zambia National Secretary Gibson Masumbu says it is his expectation that the Central Bank will today adjust upwards the Monetary Policy Rate which is currently at 10.0 percent. And Masumbu says the anticipated $184 million financing from IMF under the Extended Credit Facility (ECF) is to some extent likely to have an impact on the exchange rate. In an interview, Masumbu said there was a likelihood that the Central Bank would today adjust upwards the Monetary Policy Rate. “Most of the time this year there has really been some strong inflationary pressures and so even the exchange rate itself has contributed. Because that means that imported inflation – as we import things because of high exchange rate,...

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