Q FM Africa's Modern Radio
Opposition new Heritage Party leader Chishala Kateka says the increase in the monitory policy rate from 8.5% to 9% by the bank of Zambia and the proposed increase of fuel prices and electricity tariffs will hurt the pockets of every zambian household.
Ms. Kateka says the effects of these proposed adjustments seem to go contrary to the UPND campaign promises of more jobs and a better economy.
she says for businesses, the measure will mean less borrowing to invest in higher productivity and less employment as their costs begin to rise.
Ms. Kateka says these policies seem counterintuitive to stimulating growth and liquidity in the market.
She says the new heritage party, along with many other stakeholders are still not clear with regard to the economic policy direction of this new dawn government saying their pronouncements and their actions appear to be at variance.
Ms. Kateka says the UPND could have focused on reducing the exchange rate and stimulating economic growth through higher productivity, and lower costs of borrowing.