By Anthony Chomba,
Republican Progressive Party (RPP) President, Leslie Chikuse, has described the Bank of Zambia’s decision to cut the policy rate by 75 basis points to 13.5 percent as a major milestone for the country’s economy.
Speaking to Mafken News in Lusaka, Mr. Chikuse said the move is expected to stimulate economic growth, improve access to credit, and enhance investor confidence.
He noted that the decision follows a decline in inflation to 9.4 percent in January 2026, with projections indicating it could fall within the 6 to 8 percent target range by the second quarter of the year.
Mr. Chikuse also attributed the positive outlook to Government efforts to stabilise public finances, strengthen fiscal discipline, and support the agricultural sector.
He added that improved input distribution and timely payments to farmers are likely to boost maize production and contribute to broader economic stability.
