Increase in Monetary Policy rate will affect manufacturing sector – ZAM
Published On November 30, 2021 » 1633 Views» By Times Reporter » Business, Stories
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By STEPHANIE KUNDA and CHATULA KANGALI-
THE Bank of Zambia (BoZ) decision to increase the Monetary Policy Rate (MPR) from 8.5 per cent to 9 per cent will negatively impact the manufacturing sector, Zambia Association of Manufacturers (ZAM) has said.
ZAM states that the increase will cause a rise in the cost of production and trigger a rise in consumer goods.

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