Rising inflation hurting the economy: BOZ urged to consider raising the Policy Rate
By Wakumelo Mataa CTPD Researcher Public Finance Tuesday 16th February 2021 THE Center for Trade Policy and Development (CTPD) has noted with concern, the sustained rise in inflation over the recent past. Inflation rose from 12.5 % in January, 2020 to 21.5% in January, 2021, implying that the cost of a representative consumption bundle has almost doubled in just one year. During its last sitting in November, 2020, the Bank of Zambia Monetary Policy Committee (MPC) projected inflation to average 16.7% in the fourth quarter of 2020. However, this is less than the actual inflation outcome for the fourth quarter...