LUBINDA Haabazoka says the tools that Bank of Zambia is using to arrest escalating inflation are not yielding the intended results. Last week, the Zambia Statistics Agency (ZamStats) disclosed that the annual inflation for May 2024 had increased to 14.7 percent from 13.8 percent recorded in April. In an interview Friday, asked if he felt the tools that the Central Bank was using to arrest inflation and stabilise the Kwacha were yielding the intended results, Haabazoka responded in the negative. “They are not yielding the intended result because we have definitely seen that we still experience high inflation that is exchange rate driven. So, what the government should do is to ensure that exchange rates are the ones that are...

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