Bank of Zambia Governor Caleb Fundanga says the country still has time to intensify its measures aimed at reaching the set target of the 7 percent inflation by the end of this year.
This is despite the country having hit 8.9 percent inflation rate in the month of April 2011 representing a marginal increase of about 0.1 percent from the 8.8 recorded in March this year.
Dr. Fundanga the country needs to focus on increasing the production of food staffs to ensure food inflation is controlled.
The governor observed that once the crop marketing season for the maize begins, the country will be able to maintain the single inflation rate and ultimately 7 percent target at the end of this year.
On Thursday, the Central Statics Office announced that the country has recorded a marginal increase of about 0.1 percent in the inflation rate.
[ QFM ]
Talk about the high interest rates also,you are so focused on the inflation while neglecting interest rates .There is no country in the world which can develop with those kinds of interest rates .For the business to borrow and expand their businesses they ney to borrow from the banks at resonable rates.BOZ is suppposed to regulate the banking industry they making far too much money from the few courageous Zambians who borrow from these sharks.
FUNDANGA’S SALARY MUST BE CUT INTO QUATER SO THAT WE PAY THE ETEACHERS WHO EARN K1M, AM SURE OUT OF HIS K120M AND ALLOWNACES HE EARNS, WE CAN PAY AN EXTRA 200 TEACHERS. THATS WHAT I EXPECT A LEADER OF ECONOMIC CHANGE, T FIRST REDUCE HIS SALARY. IF WE MAKE IT OUT OF MA K1M, WHY SHOULD HE EARN K120M PLUS MA ALLOWANCES AND TRAVEL ALL THE TIME. IMWE, FUNDANAGA ADYELA MANINGI KA, ASABAILA NA MA INFLATION FIGURES LYONSE.Â
this man is ugly. thanks