By Doreen Chembe
Economist Noel Nkoma says the reduction in the Monetary Policy Rate is expected to attract investment into the country due to the predictability of the monetary policy framework.
Speaking to ZNBC News, Mr. Nkoma commended government for steering the country from a critical economic position to a stage where growth is being recorded.
He explained that the lower Monetary Policy Rate will enable businesses to access credit from banks at more affordable interest rates, thereby supporting expansion.
Mr. Nkoma added that the country must now sustain this momentum to ensure continued economic growth.
Meanwhile, Economist Lubinda Haabazoka said the reduced Monetary Policy Rate is a key tool in regulating the cost of capital in the economy.
Speaking when he featured on ZNBC’s The Update, Professor Haabazoka explained that the MPR influences the cost of borrowing and helps manage excessive credit growth.
