{"id":23307,"date":"2022-05-22T18:39:49","date_gmt":"2022-05-22T18:39:49","guid":{"rendered":"https:\/\/www.africa-press.net\/zambia\/all-news\/economist-welcomes-bozs-decision-to-maintain-monetary-policy-rate"},"modified":"2022-05-22T18:54:05","modified_gmt":"2022-05-22T18:54:05","slug":"economist-welcomes-bozs-decision-to-maintain-monetary-policy-rate","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/zambia\/all-news\/economist-welcomes-bozs-decision-to-maintain-monetary-policy-rate","title":{"rendered":"Economist welcomes BoZ\u2019s decision to maintain monetary policy rate"},"content":{"rendered":"

Africa-Press – Zambia. <\/strong><\/span>An economic and financial analyst has welcomed the decision by the Bank of Zambia (BoZ) to maintain the monetary policy rate at nine percent. Zambia National Commercial Bank (ZANACO) Economist, Patrick Chileshe, said the decision means that the cost of loans will remain the same to the borrowers, a development he said was positive for the economy.<\/p>\n

Dr. Chileshe said maintaining the monetary policy rate is good for a better economy as the level of inflation will reduce thereby stabilising the economy.<\/p>\n

He said lenders such as commercial banks will adjust their lending and interest rates downwards. Dr. Chileshe explained that this will cause many borrowers to flock to banks to get loans to start or grow their businesses.<\/p>\n

He added that the Central Bank\u2019s decision to maintain the monetary policy will promote liquidity, which means more cash flow will flood the market. Dr. Chileshe explained that an increase in cash flow on the market is a good signal for the country to attract investors.<\/p>\n

He explained that if inflation keeps on skyrocketing, few people will put the money in banks, making it difficult for the commercial banks to lend to borrowers for their investments.<\/p>\n

\u201cThis is a signal that inflation will keep going down and more people will run to banks to deposit and borrow for their investments resulting in liquidity and price reduction in goods and services,\u201d he said.<\/p>\n

Dr. Chileshe further said the decision by the Central Bank will also spur confidence in the investors who will in turn invest in financial assets such as government bonds among others.<\/p>\n

This week, the Bank of Zambia maintained the monetary policy rate at nine percent thereby restoring confidence in the Zambian people especially the business community.<\/p>\n

For More News And Analysis About Zambia<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Zambia. An economic and financial analyst has welcomed the decision by the Bank of Zambia (BoZ) to maintain the monetary policy rate at nine percent. Zambia National Commercial Bank (ZANACO) Economist, Patrick Chileshe, said the decision means that the cost of loans will remain the same to the borrowers, a development he said […]<\/p>\n","protected":false},"author":84,"featured_media":23306,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,7,8,12,16],"tags":[234,235,233],"class_list":["post-23307","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-head-lines","category-homepage-english","category-policy","category-twitter","tag-africa-press","tag-africa-press-zambia","tag-zambia"],"yoast_head":"\nEconomist welcomes BoZ\u2019s decision to maintain monetary policy rate - Zambia<\/title>\n<meta name=\"description\" content=\"An economic and financial analyst has welcomed the decision by the Bank of Zambia (BoZ) to maintain the monetary policy ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/zambia\/all-news\/economist-welcomes-bozs-decision-to-maintain-monetary-policy-rate\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Economist welcomes BoZ\u2019s decision to maintain monetary policy rate\" \/>\n<meta property=\"og:description\" content=\"An economic and financial analyst has welcomed the decision by the Bank of Zambia (BoZ) to maintain the monetary policy ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/zambia\/all-news\/economist-welcomes-bozs-decision-to-maintain-monetary-policy-rate\" \/>\n<meta property=\"og:site_name\" content=\"Zambia\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2022-05-22T18:39:49+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-05-22T18:54:05+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/zambia\/sites\/35\/2022\/05\/img-628a86a1acf81.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"533\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/zambia\/all-news\/economist-welcomes-bozs-decision-to-maintain-monetary-policy-rate#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/zambia\/all-news\/economist-welcomes-bozs-decision-to-maintain-monetary-policy-rate\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/zambia\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Economist welcomes BoZ\u2019s decision to maintain monetary policy rate\",\"datePublished\":\"2022-05-22T18:39:49+00:00\",\"dateModified\":\"2022-05-22T18:54:05+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/zambia\/all-news\/economist-welcomes-bozs-decision-to-maintain-monetary-policy-rate\"},\"wordCount\":310,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/zambia\/all-news\/economist-welcomes-bozs-decision-to-maintain-monetary-policy-rate#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/zambia\/sites\/35\/2022\/05\/img-628a86a1acf81.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Zambia\",\"Zambia\"],\"articleSection\":[\"all news\",\"head lines\",\"homepage-english\",\"policy\",\"twitter\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/zambia\/all-news\/economist-welcomes-bozs-decision-to-maintain-monetary-policy-rate#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/zambia\/all-news\/economist-welcomes-bozs-decision-to-maintain-monetary-policy-rate\",\"url\":\"https:\/\/www.africa-press.net\/zambia\/all-news\/economist-welcomes-bozs-decision-to-maintain-monetary-policy-rate\",\"name\":\"Economist welcomes BoZ\u2019s decision to maintain monetary policy rate - 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