BoZ Governor Christopher Mphanza Mvunga sets MPR at 8.50 per cent
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By Derrick Sinjela and Francis Maingaila Bank of Zambia (BoZ) Governor Christopher Mphanza Mvunga has adjusted the Monetary Policy Rate upwards by 50 basis points to 8.50 %. In a Wednesday 17th February 2021 Monetary Policy Committee (MPC) Statement, Mr. Mvunga explained that the decision to adjust the Monetary Policy Rate upwards by 50 basis points to 8.50% was arrived at during a February 15 – 16, 2021 Monetary Policy Committee Meeting in Lusaka. Franked by BoZ Deputy Governor – Operations Dr. Francis Chipimo and Deputy Governor -Adminstration Ms. Rekha Chifuwe-Mhango, Mvunga reiterated that the adjustment had been necessitated...