Alliance Capital’s February 2019 Economic Report had forecasted an expected policy rate to be maintained at 14.5% in the near term.

The Investment management and advisory firm has also noted that inflation may fall further with a major contribution coming from food inflation as the lean season is gradually decreasing.

The February Report reads, “Upside risks to inflation include fuel prices that have been rising on the global market”.

Meanwhile RBM Governer, Dalitso Kabambe is aiming for 11% policy rate in 2021