Sat, 17 Dec 2016 10:58:30 +0000 By BUUMBA CHIMBULU THERE will be less volatility in the Kwacha as a result of the decision by the United States Federal Reserve to increase the interest rates by 0.25 percent, says the Economic Association of Zambia (EAZ). EAZ president Chrispin Mphuka explained that a low volatility with currencies attached to the green back was normal once such developments happened in the US. “We may not expect much volatility out of it; yes, it will depreciate while the dollar will appreciate but it will not be like it used to be before because speculation is lower on the market,” he said. Dr Mphuka observed that the Kwacha depreciated way back during such scenarios because of speculation on the market which he said had been dealt with by the Central bank. “The depreciation will be lower now because there are tighter controls in terms of exchange rate and you have […]
