CENTRAL BANK’S TIGHTER MONEY POLICIES THREATEN PRIVATE SECTOR EXPANSION, WARNS CTPD.

The Centre for Trade Policy and Development (CTPD) is concerned over the Bank of Zambia’s recent policy action which significantly raises the statutory reserve ratio (SRR) for commercial banks. Announced through a circular dated February 2nd, 2024, the SRR has been increased by 9 percentage points to 26.0 percent from the previous 17.0 percent.