Bank of Zambia moves to quarterly MPC meetings

zambia-kwacha
The Kwacha fell 10.7% against the dollar in the past three months

The Bank of Zambia held its policy rate at 12% yesterday – the central bank's first rate decision since announcing it would halve the number of monetary policy committee (MPC) meetings its holds each year.

Earlier this week, the central bank announced the MPC would cease to meet on a monthly basis, and hold quarterly meetings each year instead. It will also hold an additional two meetings "to assess developments at the beginning and end of each year".

The Bank of Zambia said this would enable

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.