Fri, 28 Sep 2012 16:18:16 +0000 BANK of ZAMBIA Announcement of the Bank of Zambia Policy Rate  October 2012 At its September 2012 meeting, the Monetary Policy Committee decided to maintain the Bank of Zambia Policy Rate at 9.0% for October 2012. During its deliberations, the Committee noted the following upward risks to overall inflation: Labor related cost-push factors; Rising international oil prices; Rising feedstock prices; and, The anticipated global grain deficit. In addition, the Committee noted some weakness in the external performance of the economy owing to a slowdown in the global economy as a result of the on-going Euro zone debt crisis and the slow growth in China, India and the United States of America. However, the Committee was of the view that these threats may not have an immediate effect on the exchange rate and subsequently, inflation in the coming month. Further, the Committee noted downward risks to inflation, to arise from […]