Inflation & Policy

Bank Of Zambia

BOZ Maintains Policy Rate as Liquidity Pressures Keep Funding Costs Elevated

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The Bank of Zambia (BOZ) has maintained the Monetary Policy Rate at 14.25%, signalling a continued commitment to controlling inflation despite persistent liquidity constraints in the financial system. According to market data for 28 November 2025, interbank lending rates showed marginal easing throughout the day but remained high, reflecting tight conditions faced by commercial banks

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Zambia’s Inflation Falls to Lowest Level in Over Two Years

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Lusaka – Zambia’s annual inflation rate eased to 10.9% in November 2025, the lowest level since August 2023, down from 11.9% in October. This marks the seventh consecutive month of slowing price growth, reflecting the stabilising effects of a stronger Zambian Kwacha and easing pressures on both food and non-food items. According to data released

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Zambia’s Annual Inflation Eases to 11.9% in October as Food and Non-Food Prices Slow

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Zambia’s annual inflation rate slowed to 11.9% in October 2025, down from 12.3% in September, according to the latest data from the Zambia Statistics Agency (ZamStats). This means that, on average, prices of goods and services increased by 11.9% between October 2024 and October 2025. The decline in inflation was driven by lower price movements

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Bank of Zambia Cuts Policy Rate to 14.25% as Inflation Continues to Ease

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Lusaka, November 12, 2025.The Bank of Zambia has reduced the Monetary Policy Rate by 25 basis points to 14.25%, signalling a cautiously optimistic outlook on inflation and economic stability. The decision was made during the Monetary Policy Committee (MPC) meeting held from November 10–11, 2025, and announced by Governor Dr. Denny Kalyalya at a press

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Zambia Achieves Macro Stability as BoZ Cuts Policy Rate to 14.25%

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Bank of Zambia Governor Dr Denny Kalyalya has stated that Zambia has reached a stage of macroeconomic stability. Speaking at the EU-Zambia Lobito Corridor Business Forum on Thursday, Dr Kalyalya noted that addressing the country’s high debt burden was the first step toward achieving stability. He highlighted that fiscal discipline has improved the business environment

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