BoZ to commence payment of claims from seized funds held by DHI
• This is in line with the court order of 10th August 2022.• BoZ has completed the process of consolidating claims to investors in Destiny
Tag : bank of zambia
BoZ raises Monetary Policy Rate to 9.50 percent
• The Monetary Policy Committee took into account the actual annual average inflation of 9.6% in quarter one.• BoZ projection is that inflation rate would
Economist attributes slight Kwacha gains to low US dollar demand
• This is resulting from a number of sentiments especially around the country’s debt restructuring.• Bank of Zambia has been intervening to try to ease
Economist attributes Kwacha depreciation to FOREX depletion
• The Kwacha is weakening because national reserves are depleting.• Bank of Zambia is using the resources to try and stabilize the local unit.• On
Banks posted significant rise in profits in 2021, 2022 – BoZ
• Over 50 percent of that is coming from investment in government securities.• Part of the big investment in government securities had come during the
Kwacha continues on back foot
• The recent bond auction by Bank of Zambia indicates that only about 37% was realized from the targeted K2.6 billion.• This is a true
Kwacha expected to continue weakening
• The Kwacha has continued to depreciate against major convertible currencies, the dollar, the Euro, and the Pound.• This is despite the Central Bank intervening
Bank of Zambia to support lower interest Green Electricity Loans
• Bank of Zambia says it is currently working on Green Finance Loan guidelines.• This is to support lower interest Green Electricity Loans for the
MPR adjustment will increase cost of borrowing – Economist
• This will ultimately increase the cost of doing business.• It will also reduce liquidity in the economy.• The move is good in terms of
Bank of Zambia raises Monetary Policy Rate to 9.25%
• The decision was underpinned by the projection that inflation will increase and remain above the target range.• Inflation continued to decline in the fourth