• 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
• 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
• The Kwacha is weakening because national reserves are depleting.• Bank of Zambia is using the resources to try and stabilize the local unit.• On
• Over 50 percent of that is coming from investment in government securities.• Part of the big investment in government securities had come during the
• The Kwacha has continued to depreciate against major convertible currencies, the dollar, the Euro, and the Pound.• This is despite the Central Bank intervening
• The decision was underpinned by the projection that inflation will increase and remain above the target range.• Inflation continued to decline in the fourth