Bank of Zambia LOGO
  • News and Publications
  • Careers
  • Procurement
  • FAQs
  • Contact Us
  • About Us
  • Monetary Policy
  • Financial Stability
  • Statistics
  • Research and Publications
  • Banking and Currency
  • Payment Systems
  • Bonds and Tbills
  • BoZ Online
  • Bank of Zambia
  • Monetary Policy
  • Objectives of Monetary Policy

Monetary Policy

  • Objectives of Monetary Policy
  • Monetary Policy Framework
    • Monetary Policy Instruments
    • Monetary Policy Transmission Mechanism
  • Monetary Policy Committee Statement
  • Market Operations

Objectives of Monetary Policy

The primary objective of monetary policy is Price stability. The price stability goal is attained when the general price level in the domestic economy remains as low and stable as possible in order to foster sustainable economic growth. Instability in the general price level is undesirable as it brings about uncertainty and instability in the economy, thereby discouraging investment and hampering economic growth. In Zambia, the price stability objective is attained through the achievement and maintenance of inflation within the target range of 6 to 8% over the medium-term.

© Bank of Zambia 2016.   Home   | Contact Us  | Staff Email  | Terms & Conditions  | Sitemap