THE Centre for Trade Policy and Development (CTPD) has expressed concern over the measures that government is implementing to ensure price stability such as the recent adjustment in the Statutory Reserve Ratio (SSR). CTPD Public Finance and Economic Policy Researcher Elijah Mumba says the recent increase in the SRR to 26 percent from 17 percent may inadvertently lead to a decline in productivity as it will make it difficult for businesses to access capital. In a statement, Thursday, Mumba said while the Bank of Zambia aims to combat inflation and shore up the Kwacha, the reduction in loanable funds from commercial banks implies a constriction in financial resources. “The Centre for Trade Policy and Development (CTPD) is concerned over the...

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