Bank of Zambia
Zambia cuts rates for first time in five years
Inflation eases as high global copper prices boost exports and strengthen local currency
Zambia agrees foreign debt deal
Government agrees to repay faster if IMF assesses its ability to do so has risen
Rates round-up: Philippines raises policy rate 50bp
Zambia increases amid poor inflation outlooks; Uruguay joins Latin American rate pause trend
Zambian central bank needs more safeguards, IMF says
Fund says central bank’s independence is still under threat despite reforms
Banknotes: October to December 2022
A round-up of news and salient issues that have affected central bankers in the past three months
Gender equality is key to sustainable development
Bank of Zambia deputy governor Rekha Mhango sets out the central bank’s strategy on financial inclusion
Bank of Zambia repels cyber attack
‘Hive’ hacker collective fails to steal valuable data and central bank refuses ransom talks
Zambia raises rates for the first time since 2019
Year-on-year inflation falls but remains well above central bank’s target level
Zambia reinstates Kalyalya as central bank governor
Former World Bank official takes over following resignation of previous president’s central bank pick
Bank of Zambia governor resigns
Mvunga leaves following change in presidents, amid high inflation
Zambia holds rates despite double-digit inflation
Governor says inflation will decelerate faster than expected despite being three times target rate
Bank of Zambia caught between surging inflation and debt crisis
Central bank hikes policy rate as kwacha falls and fiscal spending overshoots targets
Zambia MPC holds rates despite stability concerns
New governor notes a cut to interest rates would have been “expected”
Zambia prepares for debt default
Talks on payment freeze fail as G20 prepares to debate further debt relief
New Zambian governor appointed after Kalyalya dismissed
IMF takes unusual step of issuing statement in support of central bank independence
IMF criticises sacking of Zambian governor
Statement says governments should safeguard independence but language is notably restrained
Zambian president fires central bank governor
President appoints ally to lead central bank after governor warns of economic crisis
Bank of Zambia cuts rates as Covid concerns intensify
Zambian central bank calls for debt sustainability policies as growth and inflation forecasts worsen
Bank of Zambia cuts rates as food crisis mounts
Zambian central bank calls for better government policy as drought causes a sharp rise in food prices
IMF warns Zambia over risks
Country must act fast over rising debt to prevent “disorderly” fiscal adjustment, IMF board says
Zambian president makes deputy governor finance minister
New finance minister must tackle large debt burden, rising inflation and falling growth