An Economist has cast doubt on the Bank of Zambia’s (BoZ) recent inflation projections, arguing that the central bank’s targets are unattainable due to fundamental weaknesses in the nation’s economic structure.
The BOZ has forecast that inflation will fall into its single-digit target band of 6-8 percent by the first quarter of 2026. According to BoZ, this projection is based on a strengthening Kwacha, lower commodity prices, and the effects of previous monetary policy actions.
Economist, Notulu Salwindi, however, dismissed the projections as “more academic than reality,” pointing to several factors that he believes will impede the central bank’s efforts. “It’s not achievable. The Bank of Zambia has been targeting 6–8 percent for more than five years but has consistently failed. Our monetary policy is not ef… Read the details in the weekly ZBT edition 25 August 2025!, Get your copy via the link https://zambianbusinesstimes.com/subscribe_to_zambian…/
