Senior Economist attributes Kwacha depreciation to fuel, fertilizer imports
• The country has more demand for dollars to support importation of various goods and services like fertilizer and fuel.• Zambia is not producing enough
Tag : kwacha
Bank of Zambia raises its benchmark lending rate to 10%
• The bank has cited rising food inflation and the need to contain inflation expectations.• Inflation moved away from the current and projected target range
Kwacha to stabilize in last quarter
• The local unit is also likely to respond to high copper prices on the international market.• Factors that have contributed to the depreciation of
Kwacha depreciation persists due to high FX demand
• Debt restructuring deal has come with optimism regarding the future of the economy in terms of its performance.• This has resulted in high demand
Zambia did not maximize its growth in first half of 2023
• Government has continued to pursue a tighter monetary policy.• This has also seen interest rates being high, in trying to control inflation rate.• There
Annual inflation rate hits to double digits
• Price movements in Cereals, Fish Vegetables., Milk, and Cheese & Eggs.• Overall monthly inflation July 2023 was recorded at 0.9 percent.• Annual national average
Financial Analyst attributes Kwacha weakness to externalization of dollars
• Zambia is importing more than it is exporting.• The country is not generating as much revenue to be able to meet the demand.• These
Government to start negotiations on debt restructuring
• Government will soon start the process of negotiating with its private creditors on debt restructuring.• What government has currently agreed upon, are principles of
Protracted debt restructuring putting pressure on Kwacha – Govt
• The uncertainty created by the protracted restructuring process has put pressure on the currency• Delays to conclude the process are having a significant impact
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