Liquidity conditions in money market improve – BoZ
By KETRA KALUNGA – THE Bank of Zambia (BoZ) says liquidity conditions in the money market have improved following its decision to maintain the Monetary Policy Rate (MPR) at 13.5 percent and conducted accommodative open market operations.In the latest October 2024 Financial Stability Report, the central bank states that consequently, volatility in interest rates reduced.In […]
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By KETRA KALUNGA –
THE Bank of Zambia (BoZ) says liquidity conditions in the money market have improved following its decision to maintain the Monetary Policy Rate (MPR) at 13.5 percent and conducted accommodative open market operations.
In the latest October 2024 Financial Stability Report, the central bank states that consequently, volatility in interest rates reduced.
In the near-term, however, interest rates could rise if the bank resumes tightening monetary policy to rein in inflation which had remained above target, the report states.
