Bank of Zambia governor BOZ, Dr. Caleb Fundanga has assured Zambians that the country is on track in meeting the eight percent inflation target that government has set for end of this year.
Dr. Fundanga revealed that with the maize marketing just commencing, possibilities that Zambia will be able to meet the 8 percent inflation target are much alive.
The Bank governor indicated the bumper maize production that the nation has recorded this year is one of the most effective factors that would contribute to the attainment of the eight percent inflation rate target.
He said attaining low inflation rate should be encourage because it plays a critical role in national development and benefits everyone because of its cross cutting effects.
Dr Fundanga noted that he is hopeful that the rate will remain static at its current 9.1% till to the end of the year and at least drop to the eight percent as the year comes to a close.
He challenged Zambians to remain optimistic for a brighter future and a stronger economic status.
[ QFM ]