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 th

By Hans Buchmann The Zambian Kwacha has been performing remarkably well against major international currencies, and in my view, this is not happening by chance. The strengthening of the Kwacha reflects growing confidence in Zambia’s leadership and governance. Investors are increa