THE Bank of Zambia (BoZ) has reduced the Monetary Policy Rate by 75 basis points to 13.5 percent from 14.25 percent in November 2025. The Central Bank adds that gross international reserves increased to $5.5 billion by December 2025, from $5.2 billion at end-September, 2025. Meanwhile, BoZ has also disclosed that it has withdrawn 94 percent of the old banknotes from circulation, translating to about K15.6 billion. In November 2025, BoZ reduced the Monetary Policy Rate by 25 basis points to 14.25 percent. Speaking during a press briefing, Wednesday, BoZ Governor Dr Denny Kalyalya said in arriving at the decision to reduce the MPR, the Committee took into account the further decline in inflation in the fourth quarter of 2025....