POLICY RATE REDUCES AGAIN

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POLICY RATE REDUCES AGAIN

 

The Monetary Policy Rate has continued to nose dive with more than a Month before 2018, the Latest Reduction sees the Policy Rate Drop to 10.25 Percent from 11 Percent.

 

And the Statutory Reserve Ratio is now at 8 Percent from 9.5 Percent.

 

A Policy Rate in short; is a Monetary Instrument under which the Central Bank; Regulate Availability, Cost and use of Money and Credit.

 

A Statutory Reserve Ratio is used by the Central Bank to determine the Rate at which Commercial Banks require to maintain a Liquid Assets as a mandate to providing Credit to Customers.

 

A Reduction in the Policy Rates means that there is a Potential to Alter Short Term Interest Rates in an Economy, thereby Influencing a Level of Economic Growth.

 

Bank of Zambia (BOZ), Governor, Dr Denny Kalyalya Briefed the Media this Morning (WEDNESDAY).

 

NOVEMBER 22, 2017    

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