LUSAKA, Feb. 17 (Xinhua) -- The Bank of Zambia retained its benchmark lending rate at 9 percent as its the annual inflation rate continues to trend down towards its target range of 6 percent -8 percent, the bank chief Denny Kalyalya said on Wednesday. There remained some upside risks to...
2024-09-10 11:29:34 · Bank of Zambia Download Executive Summary The Monetary Policy Committee, at its August 12-13, 2024 Meeting, decided to maintain the Monetary Policy Rate at 13.5 percent. Notwithstanding actual and projected inflation remaining elevated relative to the 6-8 percent target ...
Inflation BOZ time: 2024-02-29 07:17:40 views: 17989 Governor's Speech: Central Bank Governor's Symposium 2023 WELCOME SPEECH BY DR DENNY H. KALYALYA GOVERNOR – BANK OF ZAMBIA.TO THE 45TH MEETING OF ASSOCIATION OF AFRICAN CENTRAL BANKS (AACB) SYMPOSIUM. ...
BANK Of ZAMBIA MEDIA BRIEFING BY DR. CALEB M. FUNDANGA GOVERNOR Bank of Zambia 27th December 2006 1.0 Introduction This brief reviews monetary policy outcomes and other economic and financial sector developments in the year 2006 up to November; and Gives an inflation outlook for the first ...
“We are bringing order to our currency,” Kalyalya said. “When you have other currencies intervening as mediums of exchange, it blunts your monetary policy.” The Bank of Zambia’s initial announcement drew criticism and questions over the timing, given that the economy is still recovering...
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The Bank of Uganda has raised interest rates for a third time to 9% from 8.5% in June, seeking to curb rising inflation. The increase takes the increase in borrowing costs to 250 basis points since June. Annual core inflation, which excludes food and energy, exceeded the central bank’s ...
Zambia14.00 %+50 bp Nov/24 This rate, often referred to as thepolicy rate, serves as the cornerstone for thecost of moneywithin the national financial system. It is a critical tool used by central banks to implementmonetary policyand influence economic activity. ...
It is our view that Zambia, Sri Lanka and Ghana will emerge from default before the end of the year: the IMF was positive on the progress made by Sri Lanka since its 2022 default, and it appears increasingly likely that Ghana will soon reach a deal with bondholders....
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