THE Bank of Zambia (BoZ) has reduced the Monetary Policy Rate by 250 basis points to 10.75 percent from 13.25 percent. And BoZ says as of July 2026, gross international reserves stood at US$6.0 billion, down from US$6.2 billion in March. In May 2026, the Bank of Zambia reduced the Monetary Policy Rate (MPR) by 25 basis points to 13.25 percent from 13.5 percent in February. Speaking during a media briefing, Wednesday, BoZ Governor Dr Denny Kalyalya said the Monetary Policy Committee took into account lower inflation and risks to the inflation outlook, among other factors, when arriving at the decision. Dr Kalyalya said the kwacha had appreciated by 11.8 percent on a year-to-date basis. “At its September 28 -29,...