BOZ makes covid-19 a serious point of reference, still seeking of ways to achieve economic balance!

BOZ makes covid-19 a serious point of reference, still seeking of ways to achieve economic balance! By Kelvin Chisanga In today’s third quarter Monetary Policy Rate announcements, the Bank of Zambia governor Dr. Denny Kalyalya hinted on the reduction of the policy rate to 8.0% due to subdued economic activities recorded in the second quarter following a number of cases owing to supply chain and trade disturbances caused by the global pandemic of COVID-19. The BOZ chief economist mentioned that the committee sat to arrive at this figure following a number of efforts looked at among them is the need...