CTPD’S EXPECTATIONS ON THE UPCOMING BANK OF ZAMBIA MPC DECISION ANNOUNCEMENT

As the Bank of Zambia (BoZ) Monetary Policy Committee (MPC) sets to announce its monetary policy decision on Wednesday 1st September 2021, the Centre for Trade Policy and Development (CTPD) expects the committee to maintain the policy rate at 8.50 percent. Considering the high overall inflation, any adjustments to the policy rate should be upwards to arrest demand pressures and moderate inflation in the medium term.

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