BOZ Cuts Monetary Policy Rate to 13.5% By Sharon Siame The Bank of Zambia (BOZ) has reduced the Monetary Policy Rate to 13.5 percent. Governor Dr. Denny Kalyalya said the decision was influenced by a further decline in inflation in the fourth quarter of 2025 and the need to maintain an appropriate monetary policy stance. Speaking at a press briefing in Lusaka today, Dr. Kalyalya noted that inflation slowed to 11.2 percent in December 2025 from 12.3 percent in September 2025. He attributed the re