TRYNESS TEMBO
Lusaka
THE Economics Association of Zambia (EAZ) says it supports the Bank of Zambia’s (BoZ) decision to maintain the monetary policy rate (MPR) at 14.5 percent and recognises the progress made in restoring price stability.
Recently, the central bank maintained the MPR supported by easing inflation and improved financial stability.
Zambia’s annual inflation rate for May 2025 eased to 15.3 percent, down from 16.5 percent in April.
BoZ also projects inflation to average 13.8 percent in 2025, with a further decline to 8.8 percent by 2026 driven by stabilising food prices and ongoing policy interventions.
EAZ president Oswald Mungule said the stance to maintain the policy rate signals the central bank’s intent to sustain a tight but non-restrictive policy posture, balancing the recent improvement in inflation dynamics with prevailing macroeconomic risks.
READ MORE: http://enews.daily-mail.co.zm
