BANK of Zambia Governor Dr Denny Kalyalya has challenged US economist Steve Hanke to demonstrate how he arrived at 47 percent as the official annual inflation rate for Zambia. Dr Hanke, a professor of applied economics at the Johns Hopkins University recently wrote on X that Zambia’s inflation was nearly four times higher than the official rate of 13.1% recorded for December. “”Today I accurately measure Zambia’s inflation rate is at a PUNISHING 47%/yr – that’s nearly 4xhigher than the official rate. Bank of Zambia Gov Dr Denny Kalyalya = MONETARY MISMANAGEMENT,” wrote Dr Hanke. But in an interview, Saturday, Dr Kalyalya wondered how Dr Hanke arrived at the said figure without sharing his computations. “To arrive at that figure the ZamStats does a number of surveys...