BoZ raises Monetary Policy Rate
Published On May 16, 2024 » 439 Views» By Times Reporter » Business, Stories
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. Kalyalya

By KETRA KALUNGA –
THE Bank of Zambia (BoZ) has explained the current appreciation of the Kwacha by nearly eight per cent as it raised the Monetary Policy Rate (MPR) by 100 basis points to 13.5 per cent from 12.5 per cent.
BoZ Governor Denny Kalyalya said the Kwacha appreciated by 7.8 per cent to K25.24 during May 10 to 14 due to improved supply especially by the foreign financial institutions.

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