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 19th May, 2021, the Centre for Trade Policy and Development (CTPD) expects the committee to maintain the Monetary Policy Rate (MPR) at 8.50 percent in order to give more time for the upward adjustment that was made in the first quarter of 2021 to take full effect.

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