The Monetary policy committee, at its August 21.22.2023 meeting  decided to raise the monetary policy rate by 50 basis to 10.0 percent.

The decision was informed by the movement of current and projected inflation away from 6-8 percent target band and the need to contain inflation expectations.

Dr. Denny H. Kalyalya MPC Statement for Q3, 2023 (1) (1)
Governor of the Bank of Zambia made a statement in Lusaka today.