With Liberalisation, the design of monetary policy had to change in tandem. ... Interest rates have also fallen down in tandem. The exchange rate has stabilised. ...
Monetary policy stance during the fourth quarter remained tight. ... The 30-day deposit rate for amounts above K20 million declined to 8.4% from 8.9% (see Chart 7) ...
Caleb M. Fundanga, Governor - Bank of Zambia. The Philadelphia Federal Reserve Bank ... Bank Rate. Core liquid assets ratio. Moral Suasion. Statutory Reserve ...