ECONOMIST Professor Lubinda Haabazoka says government should ensure that the country’s Gross Reserves go beyond $10billion, stating that reserves to that tune will give the country greater investor confidence. Prof Haabazoka adds that reduction in the Monetary Policy Rate (MPR) by the Bank of Zambia will translate into the reduction of interest rates by banks for both households and businesses which will increase the demand for debt. Prof Haabazoka was commenting on the recent reduction of the MPR by the Central Bank to 13. 25 percent and the surge in Gross International Reserves to $6.2 billion at the close of the quarter one of 2026. In an interview, Thursday, Prof Haabazoka said the country’s Gross International Reserves were moving at...
