• The BoZ is likely to pursue a growth objective through the yet to be announced Monetary Policy Rate at its next briefing.• This is due to the positive performance of the Kwacha in the previous months.• High Monetary Policy…
Continue Reading
• The decision to maintain the policy rate is due to the sharp decline in inflation rate.• Inflation is projected to decline towards the target range of 6 to 8 percent by the end of 2023.• Food inflation declined sharply…
Continue Reading
• The main implication is that there will be a reduction in money supply.• There will be less money in circulation.• The adjustment is quite small but it will have a daily effect on strengthening the currency. An Economist says…
Continue Reading
• This is to help steer inflation to single digits in 2022.• Inflation will still be above the upper bound of the 6 to 8 percent target range.• The Kwacha appreciated by 25.9 percent between 1st July and 30th September,…
Continue Reading
• It should be maintained so that the weakening of the currency is slowed down.• If it is increased, more activities in the economy will be blocked because there will be less cash in circulation.• Growth of the economy should…
Continue Reading
• The MPC decided to maintain the Monetary Policy Rate at 8.50 percent. • Inflation is projected to decelerate faster than envisaged in May 2021. • BoZ remains committed to adjusting the Policy Rate upwards should the disinflationary process be…
Continue Reading
• Monetary Policy Rate will be adjusted upwards. • This is to restrict the amount of Kwacha in circulation. • The cost of borrowing will also increase and a lot of stakeholders will not be borrowing. An Economist says the…
Continue Reading • Inflation is projected to remain above the upper bound of the 6-8 percent target range. • The decision also recognizes existing vulnerabilities in the financial sector and fragile growth. • The Bank remains committed to adjusting the policy rate…
Continue Reading • Monetary Policy Committee (MPC) has adjusted upwards the Monetary Policy Rate by 50 basis points to 8.50 percent. • The decision was arrived at after taking into account the increasing inflationary pressures. • The development is aimed at anchoring…
Continue Reading • Inflation has risen the highest that it has in over 5 years, it’s at 21.5 percent, which is very high. • We have seen that prices in our supermarkets for everyday products are going up. • It will be…
Continue Reading
Subscribe to our mailing list to keep updated!
Subscribe to our mailing list to keep updated!
Money FM