EAZ cites unstable exchange rate as 2016’s deficit

The Economics Association of Zambia (EAZ) says unstable exchange rate and high inflation is what has been Zambia’s fiscal deficits in 2016.

EAZ president Chrispin Mphuka says it is these two factors his association has been expecting government would control.

Dr. Mphuka notes that if government controls this fiscal side of the economy what the Country is expected to see is the loosening up of the monetary policy.

He says in turn what will come to the fore is reduced interest rates.