
SARB clarifies 3% inflation target as policy shifts draw mixed reactions
The MPC’s first rate cut in months underscores the SARB’s view that a lower target can support a gradual easing cycle.

The MPC’s first rate cut in months underscores the SARB’s view that a lower target can support a gradual easing cycle.

The Reserve Bank’s repo rate cut by 25bps to 7% signals the start of a more accommodative cycle as inflation remains firmly under control.

SARB economist Thuli Radebe explains how targeting lower inflation could ease borrowing costs and support growth – challenging fears that a 3% goal means more interest rate hikes.
The Monetary Policy Committee (MPC) of the Bank of Zambia (BoZ, the central bank) elected to raise the policy rate for the first time in eight months at their meeting held on February […]