Bank of Zambia Governor Denny Kalyalya
Bank of Zambia Governor Denny Kalyalya

BANK of Zambia Governor Denny Kalyalya yesterday projected that inflation will decelerate to about 8.7 percent in the last quarter of 2016 because of fiscal consolidation and a stable exchange rate.

Giving the country’s macroeconomic outlook during which the central bank maintained the 15.5 percent monetary policy rate, the governor said the annual inflation rate is projected to slow down in the remaining quarters of 2016.

Below is the full quarterly briefing

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17 COMMENTS

  1. Mean while after celebrating how Lungu managed to bring the dollar down to K9.00, yesterday dollar was trading at $10.30. so how this 8.7 inflation will happen, in a country where more kwacha is needed to buy a few foods/goods still leaves me puzzled.

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    • You are UPND, we are not surprised that you dont understand anything about economics. Just like your friend Dull Commentator

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    • Ba Kudos,
      So you just support any rhetoric as long as it has a date stamp of PF. I am not UPND and I am not PF either but PF must go. This country needs new leadership until one day we will settle at the right candidates. People will not eat roads, airports, but people in zambia need proper health services, plus food security and employment. Not being led by Kambwili and Musenge ati ama leaders. This Lungu too has no clue of running the show.

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    • This is what happens when the people you send to university, experience their first freedom from school rules – they think it is all about getting drunk in Kalingalinga from day one to graduation day, then give them a cahnce to run a country, they congregate as chakolwa’s President, invites his friend to be BOZ Gov another in Min of Fin!! What can go wronGGGG!!! It is GDP st–u-p.,id!!
      I.e. Gwai, Dobo & PamaFi!!

      Vote wisely 11/8/2016!! Vote Zambia FORWARD!! Vote UPND!! Abantu baya!!

      #chagwamustfall!! PamaFikuyabebele!!

      I thank you!!

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    • This calls for celebration in PF that inflation will fall from 22% to 8.7% as if they are not the very ones who it to shoot to 22%. Everything ba PF it is after elections. UNZA meal allowances, after elections. Cheap oil from Saudi Arabia, after elections. But we already know that what is coming after elections is IMF SAP hammer on our heads.

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    • House fly: How can you be puzzled by that. You clearly are too young to remember the days of ‘DABRA KA DABRA’. But worry not I will explain it to you: IT MEANS MAGIC.

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  2. I can’t say much about this man because all I have for him is respect but ba Governer just do your job and let’s see actual tangible results. Not long ago you talked good about the kwacha and look where we are. Back to square one. We understand you are working with carders and an incompetent government and finance minister

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  3. WHAT DECEPTION IS KALYALYA TRYING TO PROJECT HERE? LUNGU AND HIS MINIONS HAVE ALREADY RAVAGED OUR ECONOMY. IMAGINE FOR THE INFLATION AVARAGE TO REMAIN AT 17.5% BY DECEMBER? LUNGU IS RECKLESS. LUNGU IS NOT AN ECONOMIC MANAGER. LUNGU SHOULD GO TO NAMIBIA AND BOTSWANA TO RECEIVE TUTORIALS ON HOW TO MANAGE THE ECONOMY OF A COUNTRY. THIS THIEF CALLED PRESIDENT LUNGU SHOULD NOT BE GIVEN ANOTHER MANDATE ONLY TO SIPHON OUR RESOURCES FURTHER AND FURTHER DESTROY OUR COUNTRY. LUNGU IS ON A SCHEME TO SPILL INNOCENT BLOOD IN OUR COUNTRY. HIS MUSLIM BACKGROUND IS WHAT LEADS HIM TO SUCH EVIL BEHAVIOR. WE NEED HH TO COME IN AND REPAIR OUR ECONOMY. VIVA HH VIVA!

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  4. “…BANK of Zambia Governor Denny Kalyalya yesterday projected that inflation will decelerate to about 8.7 percent in the last quarter of 2016 because of fiscal consolidation and a stable exchange rate…”

    LIAR

    If inflation goes down, it will be because of IMF structural adjustment and not because your political servitude.

    LIAR

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    • but what Policy is IMF seeking to further Consolidate, isn’t it a contractionary fiscal. and wont their be a stable rate if GRZ continues to implement a monetary contractionary policy (tight control in money supply and accompanied by high interest rates) and I thought fiscal austerity (such as removal of subsidies) is part of structural adjustment. I fail to see where the Governor has lied.

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  5. Truth you are a bitter person who always just want to open the mouth without reasoning what you are about to spit out. Use your head and contribute positively to this debate we don’t want you to express your ignorance here ok. The issue is about depression of the world economy which actually moves in circles. This time the world economy is showing signs of improvement from a very deep recession. I think for more knowledge if you need my number let me give it to you so that I can explain in detail to you ok.
    Avoid bitterness it will not take us anywhere.

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  6. I wish Luskatimes should insist for a PDF copy that can easily be read instead of a faxed document from Bank of Zambia. In short Lusakatimes or is it rightly Bank of Zambia you are not interested in having you press releases read. Me for one find it very difficult to read such an irregularly small font, a departure from the font size used in other reports (I believe there is a minimum standard for Internet based documents). Bank of Zambia you can do better than this. Thanks.

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  7. I had alot of respect for this Doctor of finance,but looks like he’s bought too.Watch him out become a cheap and Disgraced accounts Docotor. He will wish he never left his International.He is slowly becoming trash day after day,especially if he is gonna start vomiting carelessly like this!

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