BoZ holds benchmark interest at 9p.c.
Published On May 19, 2022 » 1570 Views» By Times Reporter » Business, Stories
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THE Bank of Zambia (BoZ) has held its benchmark interest rate at nine per cent for the two consecutive quarters due to a sharp decline in inflation and positive efforts in implementing fiscal consolidation measures.
Key to this decision includes the continued decline of inflation, which is further projected to decelerate towards the target range of six to eight per cent by mid 2023.
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