Economy

Slow Economic Growth Keeps BoZ Policy Rate at 9.57%

The slow growth in the economy has forced the Bank of Zambia to maintain the policy rate at 9.57 per cent.

The move, according Bank of Zambia governor Dr Denny Kalyalya, is meant to support financial sector stability and economic growth.

He said during a media briefing in Lusaka today, that the central bank hopes the decision will support sustainable macro-economic stability “and achieve higher economic growth, further prompt effective implementation of fiscal adjustment measures taken by the Central government”.

One Response to “Slow Economic Growth Keeps BoZ Policy Rate at 9.57%”

  1. Christopher CJ Mutambo

    I’m highly in support wth the Bank of zambia’s strategy.
    Maintain the Policy Rate @ 9.57 per cent…..can enable us achieve economic stability.

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