Monetary policy should support stable prices

Monetary policy should support stable prices

IMF Deputy Managing Director Nigel Clarke says there is need for the Bank of Zambia's stance on the monetary policy to be supportive of stable prices. Speaking with the media, Tuesday, Clarke recounted that Zambia had found itself in tremendous financial difficulties a few years ago. When as

Antananarivo, 8 May, 6:15 a.m. – Banky Foiben的i Madagasikara (BFM) opts for a tightening of its monetary policy. Its Monetary Committee decided to raise the policy rate to 12%, an increase of 150 basis points compared to its previous level. This decision was taken during the quarterly review of monetary policy held on Tuesday. The BFM refers to an essential tightening in order to prevent an acceleration of inflation in an uncertain global contex…