Tue, 28 Feb 2017 11:03:48 +0000 By BUUMBA CHIMBULU COPPER prices in the fourth quarter of 2016 rose by 10.5 percent, driven by a huge pick-up in the Chinese economy, the Bank of Zambia (BoZ) has said. BoZ Governor Denny Kalyalya said the increase in the copper prices in the period under review was also as a result of plans for fiscal stimulus for infrastructure development in the United States. He was speaking at a media briefing in Lusaka recently during the announcement of the monetary policy rate which was reduced to 14.0 percent from 15.5 percent. “Important also is that the Chinese economy is rebalancing, meaning that the way the Chinese economy has been operating infrastructure is changing to focusing now to consumer demand. “Like the US economy was driven mostly by consumer demand, so this is what we are talking about the rebalancing of the Chinese economy. Right now copper prices […]
