The Bank of Zambia (BOZ)\u2019s Monetary Policy Committee (MPC), has reduced the monetary policy rate by 25 basis points, from 13.5 percent to 13.25 percent following a meeting held from 11 to 12 May 2026.<\/p>\n
Bank of Zambia Governor Denny Kalyalya explained that the committee considered several factors in making this decision, including the stability of the Kwacha against the U.S. dollar, the expected maize harvest for the current crop marketing season, and the uncertainties stemming from the ongoing Middle East conflict.<\/p>\n
Dr Kalyalya made these remarks today during a press briefing, citing that these considerations led to a careful approach in adjusting the policy rate.<\/p>\n
He highlighted the favourable prospects for the current crop season, citing expectations of a bumper maize harvest that is likely to foster food security and curb inflation pressures in the country.<\/p>\n
He highlighted that the country\u2019s Inflation has shown remarkable improvement, from 11.2 percent in December 2025 to 7.1 percent by March 2026, which reduced furthermore to 6.8 percent in April within the central bank\u2019s targeted range of 6-8 percent.<\/p>\n
The MPC projects inflation to remain within the target band, with an average of 6.8 percent for 2026 slightly below the previous forecast of 6.9 percent.<\/p>\n
The next MPC meeting is scheduled to take place on September 28 and 29, 2026.<\/p>\n
<\/p>\n","protected":false},"excerpt":{"rendered":"
The Bank of Zambia (BOZ)\u2019s Monetary Policy Committee (MPC), has reduced the monetary policy rate by 25 basis points, from 13.5 percent to 13.25 percent following a meeting held from 11 to 12 May 2026. Bank of Zambia Governor Denny Kalyalya explained that the committee considered several factors in making this decision, including the stability […]<\/p>\n","protected":false},"author":9,"featured_media":4052,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[17,20,15],"tags":[],"class_list":["post-4051","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latestnewsright","category-business","category-onlyzanis","entry","has-media"],"_links":{"self":[{"href":"https:\/\/www.zanis.gov.zm\/index.php?rest_route=\/wp\/v2\/posts\/4051","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.zanis.gov.zm\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.zanis.gov.zm\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.zanis.gov.zm\/index.php?rest_route=\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/www.zanis.gov.zm\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=4051"}],"version-history":[{"count":1,"href":"https:\/\/www.zanis.gov.zm\/index.php?rest_route=\/wp\/v2\/posts\/4051\/revisions"}],"predecessor-version":[{"id":4053,"href":"https:\/\/www.zanis.gov.zm\/index.php?rest_route=\/wp\/v2\/posts\/4051\/revisions\/4053"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.zanis.gov.zm\/index.php?rest_route=\/wp\/v2\/media\/4052"}],"wp:attachment":[{"href":"https:\/\/www.zanis.gov.zm\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4051"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.zanis.gov.zm\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4051"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.zanis.gov.zm\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4051"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}