Monetary rate increased
The Bank of Zambia (BOZ) has increased the Monetary Policy Rate from 9-percent to 9.25 percent. BOZ Governor Dennh Kalyalya said the decision was underpinned by projections that inflation is moving away from 6-8 percent target range which had been projected in November last year. Dr Kalyalya said inflation is now projected to average 11.1 […]