An Economist has commended the move taken the Bank of Zambia to maintain the monetary policy rate of 9.0 percent.
Speaking to One Love Radio news Alexander Nkosi said this is commendable because it is helping in maintaining the same level of economic activities, stating that had it risen up economic activities might have been affected.
Mr. Nkosi stated that When the MTR is high, banks can not lend out more hence an impact on economic activities as people will not borrow to invest.
Please follow and like us:
