Maintain 8.50 per cent MPR, CTPD’s Boyd Muleya prods BoZ
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By Derrick Sinjela and Theresa Kalenga As the Bank of Zambia (BoZ) Monetary Policy Committee (MPC) sets to announce its monetary policy decision on Wednesday 1st September 2021, Centre for Trade Policy and Development (CTPD) Head of Research Boyd Muleya expects the committee to maintain the Monetary Policy Rate (MPR) at 8.50 per cent. In a Tuesday 31st August, 2021 Press Statement on CTPD’S Expectations on the Upcoming Bank of Zambia MPC Decision Announcement, Mr. Muleya insisted on a viewpoint that considering the high overall inflation, any adjustments to the policy rate should be upwards to arrest demand pressures and...