THE Bank of Zambia lowered its Monetary Policy Rate by 25 basis points to 13.25 percent, citing improved inflation prospects and a stable kwacha. Governor Denny Kalyalya said the Monetary Policy Committee considered an expected favorable maize harvest and relative stability in the kwacha-dollar exchange rate when making the decision Monday. “Although these factors are […]

THE Bank of Zambia lowered its Monetary Policy Rate by 25 basis points to 13.25 percent, citing improved inflation prospects and a stable kwacha. Governor Denny Kalyalya said the Monetary Policy Committee considered an expected favorable maize harvest and relative stability in the kwacha-dollar exchange rate when making the decision Monday. “Although these factors are […]