Mvunga defends BoZ independence under PF

FORMER Bank of Zambia (BoZ) governor Christopher Mvunga says he took serious measures to protect the independence of the Central Bank when he was appointed. And Mvunga says while he did see huge withdrawals towards elections, they were normal because people were uncertain. He was commenting on remarks made by BoZ Governor Dr Denny Kalyalya that President Hakainde Hichilema had restored the autonomy of the Central Bank, as well as comments by former BoZ governor Dr Caleb Fundanga that the independence of the Bank was certainly compromised during the PF era. In an interview, Mvunga said former president Edgar Lungu never called him to give any instructions. “When I was appointed as Central Bank governor, I can even tell you,...