BOZ’s independence was certainly compromised under PF – Fundanga

FORMER Bank of Zambia (Boz) governor Dr Caleb Fundanga says PF did not want Dr Denny Kalyalya because he always advised them on the need for fiscal discipline. Commenting on Dr Kalyaya’s recent remarks that there had been a disturbance on the autonomy of BoZ during the previous administration, Dr Fundanga agreed with him, saying the independence of the Central Bank was “certainly” compromised during the PF era. “I think he is right. The independence of the Central Bank was certainly compromised during the PF era, the reason I suspect is that they did not want him at the Central Bank because he was always advising on the need to use fiscal discipline, so he was right. He is the...