Mon, 26 Dec 2016 11:34:57 +0000 By BUUMBA CHIMBULU GOVERNMENT and the Bank of Zambia (BoZ) should be commended for fiscal and monetary policies that have stabilised inflation and exchange rates this year, says economist Lubinda Habazoka. Dr Habazoka said in an interview that much as 2016 had been a tough year, with inflation and interest rates increasing, Government should be commended for its efforts to reduce the two variables. He however said tight monetary policies should form part of austerity measures in 2017. “Government and the Central Bank should be commended for fiscal and monetary policies that have stabilised inflation and exchange rates. “But what we should not forget is that tight monetary policies are austerity measures in a way. When citizens are unable to access funds, it becomes difficult for businesses and households to get resources cheaply for their use,” he said. Dr Habazoka explained that Government should not proceed with its […]
Govt, BoZ receive pat on the back for stabilising inflation
