ECONOMIST Dr Lubinda Haabazoka says the use of old methods to manage the Kwacha volatility is not yielding positive results. And Dr Haabazoka has advised government to conduct reshuffles and re-plan its economic team in order to arrive at new initiatives. On Wednesday, the Bank of Zambia increased its Monetary Policy Rate by 150 basis points to 12.5 percent in an attempt to manage inflation. Commenting on this in an interview, Thursday, Dr Haabazoka said government needed to sort out issues affecting the mining sector. “Looking at the way things are going, we have been reacting to pressure on the Kwacha using the same methods or the same tools that unfortunately are not yielding any results. The thing that we...
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