The Business Telegraph has projected that there will be an emergency Monetary Policy Committee Meeting following the decline in the local currency.
The Telegraph says the meeting will be aimed at correcting their decision to increase the benchmark interest rate to 11.5 percent and overnight lending rate to 28 percent.
It says the move has not yielded any results as the currency they meant to tame has continued to weaken  and has added that the central bank should have adjusted the Statutory reserve Ratio if they were to tame the Kwacha.
The Kwacha has crossed the 15 psychological barrier trading at K15.02 as at the close of business yesterday.