MPC’s Policy Adjustment to Curb Inflationary Pressures
Bank of Zambia (BoZ). Wednesday 14th February 2024 Picture by Francis Maingaila By Francis Maingaila Lusaka, Zambia24 (14-02-2024) -The Monetary Policy Committee (MPC) has recently made a significant announcement, increasing the Policy Rate by 150 basis points to 12.5 percent. This decision aims to address the mounting inflationary pressures and ensure that inflation expectations stay within the target band of 6-8 percent. Dr. Danny Kalyalya, Governor of the Bank of Zambia (BoZ), emphasized in a media briefing the influential role central banks play in stabilizing economies during economic turbulence. He highlighted the strategic nature of the MPC’s decision to adjust...