Economist Noah Kabwita says the drop in inflation may not be sustainable without continued intervention from the Bank of Zambia.
Zambia’s annual inflation rate slowed to 13.0% in July 2025 from 14.1% in June, driven by declining food and non-food prices, according to the Zambia Statistics Agency-ZAMSTATS-.
In an interview with Phoenix News, Mr. Kabwita has commended the central bank’s release of dollars into circulation for strengthening the local currency, citing the law of demand and supply.
He however warns that the inflation rate may only be sustained if the bank of Zambia continues to intervene, as the current business environment is unfavorable.
Mr. Kabwita has highlighted that key sectors contributing to inflation reduction are underperforming, particularly the energy sector, which is operating at around 30% capacity and has emphasized the need for sustained support to maintain economic stability.
LATEST AUDITOR GENERAL`S REPORT REVEALS WIDESPREAD FINANCIAL MISMANAGEMENT IN LOCAL COUNCILS
The Auditor General's report on the accounts of local authorities for the financial year ended 31...


















0 Comments