• The country has more demand for dollars to support importation of various goods and services like fertilizer and fuel.• Zambia is not producing enough
• The bank has cited rising food inflation and the need to contain inflation expectations.• Inflation moved away from the current and projected target range
• The local unit is also likely to respond to high copper prices on the international market.• Factors that have contributed to the depreciation of
• Debt restructuring deal has come with optimism regarding the future of the economy in terms of its performance.• This has resulted in high demand
• Government has continued to pursue a tighter monetary policy.• This has also seen interest rates being high, in trying to control inflation rate.• There
• Price movements in Cereals, Fish Vegetables., Milk, and Cheese & Eggs.• Overall monthly inflation July 2023 was recorded at 0.9 percent.• Annual national average
• Government will soon start the process of negotiating with its private creditors on debt restructuring.• What government has currently agreed upon, are principles of
• The uncertainty created by the protracted restructuring process has put pressure on the currency• Delays to conclude the process are having a significant impact
• 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