By Derrick Silimina
The Bank of Zambia (BoZ) has launched a Monetary Policy Report (MPR) outlining a detailed assessment of the path of inflation over the next eight-quarters .
The assessment is based on a careful and critical analysis of current domestic and global macroeconomic developments.
In a statement obtained by Solwezi Today, BoZ Governor Denny Kalyalya said that the Report also provides an assessment of the Monetary Policy Committee (MPC) view on the balance of risks to the inflation projection adding that the publication of the MPR will enhance the central bank’s transparency, accountability, communication, and well-grounded interactions on monetary policy matters.
“Our expectation is that such an assessment will help provide greater clarity to stakeholders on the basis upon which the MPC arrives at its decisions.
“It is also expected that the MPR will serve as a credible and reliable reference document for other economic policy makers, researchers, academics and the public at large on economic developments in the country,” Dr. Kalyalya said.
Dr Kalyalya said this during the launch of the first publication of the MPR Lusaka where he also said a forward-looking monetary policy framework is critical to anchor inflation expectations in the country.
