• The call for the Central Bank to drop the MPR may be justifiable in certain circumstances.• However, the country is in a very difficult position due to external inflationary pressure and other domestic factors.• This makes it very difficult…
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• The bank has cited rising food inflation and the need to contain inflation expectations.• Inflation moved away from the current and projected target range of between 6 to 8 percent.• In 2023, inflation is projected to average 10.2 percent,…
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• 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 continue to be above the target range of 6 to 8 percent over the next…
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• The continued depreciation of the Kwacha is becoming of concern.• It threatens the recovery in terms of economic activity seen in the last two years.• Import costs at business houses are rising and that restricts the capacity of business…
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• This will ultimately increase the cost of doing business.• It will also reduce liquidity in the economy.• The move is good in terms of controlling the macroeconomic environment. An Economist says Bank of Zambia’s decision to raise the Monetary…
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• The decision was underpinned by the projection that inflation will increase and remain above the target range.• Inflation continued to decline in the fourth quarter of 2022.• In 2024, inflation is forecast to average 10.1 percent. Bank of Zambia’s…
Continue Reading • Bank of Zambia is at least not expected to drop the MPR from the current 9.0 percent.• The Central Bank has to make a tough decision of raising the policy rate.• This is in view of the global economic…
Continue Reading • This is in consideration of the maintenance of inflation rate at single digit.• Single digit inflation has been supported by fiscal consolidation measures arising from the securing of IMF Extended Credit Facility.• There are no inflation challenges or growth…
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• MPR has been focused towards having to drive reduction in the inflation rate to a single digit.• Unfortunately, it’s not the MPR that has been driving that inflation decline.• The inflation drop has been driven by a credit squeeze…
Continue Reading • The Committee considered the sharp deceleration in inflation in the second quarter of the year.• Inflation is projected to decline to averages of 11.4% and 8.4% in 2022 and 2023 respectively.• The Committee, however, noted upside risks to the…
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