Please wait, loading...

 

BoZ policy rate decision to take centre stage

November 18, 2020by Nicholas Kabaso0

Today the Bank of Zambia will deliver its latest verdict on its key interest rate under new Governor Christopher Mvunga. At the August meet-ing, the Bank of Zambia (BOZ) reduced its key rate for the second time in a row, citing the need to safeguard the stability of the financial sector and counter the impact of the COVID-19 pandemic on the economy. Policymakers reduced the benchmark interest rate by 125bps to 8.00%, the lowest since the policy rate was introduced in March 2012. On the growth front, former Governor Denny Kalyalya indicated that the bank now forecasts the economy to contract by 4.2% this year, more than an earlier projection of a 2.6% contraction as the pandemic weighs on economic activity.

Please click here to access the full Market Watch

Nicholas Kabaso

Leave a Reply

Your email address will not be published. Required fields are marked *

ABC Unit Trust Head Office
Pioneers of Unit Trusts in Zambia.
Corner of Nasser/Church Roads,
Post box 37107, Lusaka, Zambia
ABC Unit Trust Contact Details
Contact the Pioneers of Unit Trusts in Zambia.
GET IN TOUCHABC Unit trust Social links
Talk to us
ABC Unit TrustHead Office
Pioneers of Unit Trusts in Zambia.
ABC Unit TrustContact Details
Pioneers of Unit Trusts in Zambia
GET IN TOUCHABC Unit Trust
Pioneers of Unit Trusts in Zambia

Copyright by ABC Asset Management. All rights reserved.