According to government official data, the Bank of Zambia (BoZ) in its 2026 quarter one report indicated that the overall domestic credit growth slowed sharply to 7.5 percent in March 2026 from 14.4 percent recorded in December 2025. A check on the same report revealed that BoZ has reduced the Monetary Policy Rate (MPR) by 25 basis points to 13.25 percent effective May 13, 2026, in an effort to support economic activity and improve access to credit. However, Economic Expert, Kelvin Chisanga has told Zambian Business Times-ZBT that rising non-performing loans are among the major factors forcing commercial banks to...
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