BoZ maintains monetary policy rate at 13.5 p.c.
Published On August 15, 2024 » 332 Views» By Times Reporter » Business, Stories
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. Kalyalya

By KETRA KALUNGA –
THE Bank of Zambia (BoZ) Monetary Policy Committee (MPC) has maintained the monetary policy rate at 13.5 per cent.
BoZ Governor Denny Kalyalya said the decision made by the committee took into account the impact of the drought and the past successive increase in the monetary policy rate, upward adjustment in the statutory reserve ratio and recent reforms in the foreign exchange market.
Dr Kalyalya said the committee also took into account the impact on the stability of the financial system and growth, particularly in 2024 in the wake of the drought.

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