By BUUMBA CHIMBULU
FORMER Bank of Zambia (BoZ) Governor, Jacob Mwanza, has cautioned the central bank to use the Statutory Reserve Ratio instrument in a sparing manner as it has potential to cause economic havoc.
Dr Mwanza explained that failure to carefully use the instrument could impact prospects of economic growth as it hits the financial sector directly by squeezing credit. CLICK HERE TO READ MORE
