Bank of Zambia Monetary Policy Reports 2024-2026
Summary
The Bank of Zambia publishes its Monetary Policy Reports under Article 213(2)(b) of the Constitution of Zambia (Amendment) Act, 2016 and section 27(2) of the Bank of Zambia Act. The Monetary Policy Committee meets every second month of the quarter in February, May, August, and November to decide on the monetary policy stance. The listed reports span from February 2024 through February 2026, with the most recent publication dated March 3, 2026.
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GovPing monitors Zambia Bank for new banking & finance regulatory changes. Every update since tracking began is archived, classified, and available as free RSS or email alerts — 2 changes logged to date.
What changed
The Bank of Zambia has published a series of Monetary Policy Reports covering February 2024 through February 2026 on its public publications page. These reports are issued pursuant to Article 213(2)(b) of the Constitution of Zambia (Amendment) Act, 2016 and section 27(2) of the Bank of Zambia Act, with the Monetary Policy Committee meeting in February, May, August, and November each year to determine monetary policy.\n\nFor banks, financial institutions, and businesses operating in Zambia, these quarterly reports provide the official central bank assessment of economic conditions, inflation trends, and the monetary policy stance. The August 2024 report indicated the MPC decided to maintain the Monetary Policy Rate at 13.5 percent despite elevated inflation relative to the 6-8 percent target band. Compliance and treasury teams should monitor these publications to track interest rate direction and anticipate monetary conditions affecting lending, borrowing, and investment decisions.
Archived snapshot
Apr 22, 2026GovPing captured this document from the original source. If the source has since changed or been removed, this is the text as it existed at that time.
Publications
- Annual Reports ›
- BoZ Working Papers ›
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- Bi-Annual Monetary Policy Statements
- Credit Conditions Survey
- Credit Market Monitoring Reports
- Direction of Trade Reports
- Electronic Balance of Payments Monitoring
- Financial Stability Reports
- Monetary Policy Reports
- Private Capital Flows
- Quarterly Survey of Business Opinions and Expectations
- Systemic Risk Survey
- Survey of Economic Expectations Report
- Financial Sector Development Reports
- Zambanker
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Monetary Policy Reports March 03 2026
February 2026 Monetary Policy Report
In line with Article 213(2) (b) of the Constitution of Zambia (Amendment) Act, 2016, the Bank of Zambia determines monetary policy. The nine-member Monetary Policy Committee (MPC) formulates monetary policy to achieve and maintain price stability in line with section 27(2) of the Bank of Zambia Act,...
Monetary Policy Reports November 30 2025
November 2025 Monetary Policy Report
In line with Article 213 (2) (b) of the Constitution of Zambia (Amendment) Act, 2016, the Bank of Zambia determines monetary policy. The Monetary Policy Committee (MPC) meets every second month of the quarter in February, May, August, and November to decide on the monetary policy stance....
Monetary Policy Reports August 29 2025
August 2025 Monetary Policy Report
In line with Article 213 (2) (b) of the Constitution of Zambia (Amendment) Act, 2016, the Bank of Zambia determines monetary policy. The Monetary Policy Committee (MPC) meets every second month of the quarter in February, May, August, and November to decide on the monetary policy stance....
Monetary Policy Reports May 30 2025
May 2025 Monetary Policy Report
In line with Article 213 (2) (b) of the Constitution of Zambia (Amendment) Act, 2016, the Bank of Zambia determines monetary policy. The Monetary Policy Committee (MPC) meets every second month of the quarter in February, May, August, and November to decide on the monetary policy stance. In doing so...
Monetary Policy Reports February 28 2025
February 2025 Monetary Policy Report
In line with Article 213 (2) (b) of the Constitution of Zambia (Amendment) Act, 2016, the Bank of Zambia determines monetary policy. The Monetary Policy Committee (MPC) meets every second month of the quarter in February, May, August, and November to decide on the monetary policy stance. In doing so...
Monetary Policy Reports November 30 2024
November 2024 Monetary Policy Report
In line with Article 213 (2) (b) of the Constitution of Zambia (Amendment) Act, 2016, the Bank of Zambia determines monetary policy. The Monetary Policy Committee (MPC) meets every second month of the quarter in February, May, August, and November to decide on the monetary policy stance....
Monetary Policy Reports September 02 2024
August 2024 Monetary Policy Report
The Monetary Policy Committee, at its August 12-13, 2024 Meeting, decided to maintain the Monetary Policy Rateat 13.5 percent. Notwithstanding actual and projected inflation remaining elevated relative to the 6-8 percenttarget band, the Committee judged that the current monetary policy stance was ap...
Monetary Policy Reports August 29 2024
August 2024 Monetary Policy_Report
In line with Article 213 (2) (b) of the Constitution of Zambia (Amendment) Act, 2016, the Bank of Zambia determines monetary policy. The Monetary Policy Committee (MPC) meets every second month of the quarter in February, May, August, and November to decide on the monetary policy stance. In doing so...
Monetary Policy Reports May 31 2024
May 2024 Monetary Policy Report
In line with Article 213 (2) (b) of the Constitution of Zambia (Amendment) Act, 2016, the Bank of Zambia determines monetary policy. The Monetary Policy Committee (MPC) meets every second month of the quarter in February, May, August, and November to decide on the monetary policy stance. In doing so...
Monetary Policy Reports February 29 2024
February 2024 Monetary Policy Report
In line with Article 213 (2) (b) of the Constitution of Zambia (Amendment) Act, 2016, the Bank of Zambia determines monetary policy. The Monetary Policy Committee (MPC) meets every second month of the quarter in February, May, August, and November to decide on the monetary policy stance. In doing so...
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