BOZ engages Members of Parliament
By Angela Limwanya
Bank of Zambia Governor, DENNY KALYALYA says the sluggish growth of the global economy and intensified geopolitical tensions are making it difficult for the Central Bank to achieve the primary objective of low and stable inflation.
Dr. KALYALYA says numerous global hardships have presented significant challenges to the conduct of monetary policy in Zambia.
He says the Bank of Zambia has enhanced communication by publishing the Monetary Policy and Financial Stability Reports to help influence people’s inflation expectations.
Dr. KALYALYA says conveying this information to the public is critical for the effectiveness of the monetary policy.
He was speaking in Livingstone during the Bank of Zambia 10th seminar for Members of Parliament.
And Clerk of the National Assembly, ROY NGULUBE said the timing of the seminar is strategic as it is being convened after members of parliament have had an opportunity to interrogate the budget estimates.
Meanwhile, Tourism Minister RODNEY SIKUMBA commended the Bank of Zambia for the efforts to improve transparency and communication with stakeholders.
