Bank of Zambia (BoZ) Governor Dr. Denny K. Kalyalya’s Wednesday 19th August 2020 Monetary Policy Committee (MPC)Media Statement
Notice: Undefined index: catFilterList in /home/zambi/public_html/wp-content/plugins/wp-likes/api.php on line 243
Bank of Zambia MONETARY POLICY COMMITTEE STATEMENT Monetary Policy Rate cut by afurther 125 basis points to 8.0% At its August 17-18, 2020 Meeting, the Monetary Policy Committee (MPC) lowered the Monetary Policy Rate by a further 125 basis points to 8.0% to safeguard the stability of the financial sector, peoples ‘ lives and livelihoods in the wake ofthe COVID-19 pandemic. Although projected to remain above the upper bound of the 6-8% medium-term target range, inflation is expected to steadily decline and reach the upper bound by the end of the forecast horizon]. This is premised on the expected...