A social economist has called on the Bank of Zambia to maintain the monetary policy at 8 point 5 percent.
KELVIN CHISANGA says the central bank should maintain the policy rate because of positive monetary transmission, reduced inflationary pressure, reduced political risk and the easing of COVID-19 cases.
Mr. CHISANGA says in a statement to ZNBC news that the third quarter has also experienced positives on both fiscal and monetary sides as Zambia is now taking a slow-paced recovery and growth process stage.
He however expressed concern that the Kwacha has been losing some marginal values despite having market intervention processes at some points by the central bank.
Mr. CHISANGA says US Dollar supply has exposed the Kwacha to some weekly depreciations with almost losing close to one percent on a weekly basis.