The Bank of Zambia (BOZ) has maintained the benchmark lending rate also known as Monetary Policy Rate (MPR) at 14.5% in the second quarter of 2025.Speaking during the MPR media briefing at the BOZ Headquarters, Governor Denny Kalyalya revealed that the decision was necessited by the decline in inflation which was recorded at 16.5% in April from 16.8% in February. “Inflation slowed down to 16.5% on March 2025 from 16.7% in December 2024, having peaked at 16.8% in February forcing the committee to maintain the MPR in the second quarter of 2025”, said Kalyalya.However, Kalyalya stated that inflation in the...
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