BANK of Zambia Governor Dr Denny Kalyalya says the delayed debt restructuring process has affected the expected foreign currency inflows into the country. Dr Kalyalya has described the Central Banks’ decision to adjust upwards to 17 percent the Statutory Reserve Ratio as an extraordinary measure which it considered necessary to address an extraordinary situation which the country is facing. Meanwhile, Dr Kalyalya says the Central Bank, through the Monetary Policy Committee, has decided to increase the Monetary Policy Rate by 100 basis points to 11.0 percent. At a media briefing, Wednesday, Dr Kalyalya said despite the loans which government obtained, the country didn’t have large foreign currency inflows to help meet its requirements at the moment. “…Further insight in foreign...

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