Bank of Zambia
Monetary policy, the policy rate and the central bank.
43 stories
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Business
Optimism ahead, as banks reportedly set to cut lending rates
Commercial banks are expected to lower lending rates by about 250 basis points following the Bank of Zambia’s decision to cut the Monetary Policy Rate (MPR) from 13.25 percent to 10.75 percent. The rate reduction, announced on Wednesday, is expected to reduce borrowing costs for…
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Business
BOZ Cuts Monetary Policy Rate by 2.5 Percent
Bank of Zambia Governor Dr. Denny Kalyalya has announced a 250-basis-point (2.5 %) reduction in the Monetary Policy Rate to 10.75 percent from 13.25 percent in the previous quarter. Dr. Kalyalya has announced the decision during the second quarter Monetary Policy Rate announcement and press…
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Business
BoZ Cuts Reserve Requirements: What Does This Mean for You? By Prof. Lubinda Haabazoka
The Bank of Zambia (BoZ) has reduced the Statutory Reserve Ratio (SRR) on Kwacha deposits from 26% to 21%, effective 3 August 2026. At first glance, this sounds like technical banking language, but it is actually one of the most important monetary policy decisions made…
