ECONOMIST Chibamba Kanyama has commended the Bank of Zambia for maintaining the monetary policy rate at 9%, saying any adjustment, either upward or downward, would have induced some level of uncertainty. In an interview, Thursday, Kanyama said the current monetary policy rate had proved to be working well. “There is a phrase ‘if it ain’t broken, don’t fix it’. So at the moment, the policy rate has been working. The goals of the policy rate has been to bring down the rate of inflation which is somewhat working now. And…...

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