“EAZ Urges Vigilance to Sustain Inflation Gains”

By Daily News Reporter

 

The Economics Association of Zambia (EAZ) has hailed the Government’s success in bringing inflation down to single digits in January 2026, describing the achievement as a “national milestone in price stability.”

In a press release issued on Wednesday, the EAZ Board of Directors said the development marks a decisive policy victory after years of elevated inflationary pressures. The Association credited the outcome to strong political will, disciplined fiscal management by the Treasury, and consistent monetary policy by the Bank of Zambia.

The Board commended the central bank for its disciplined approach in anchoring inflation expectations through transparent communication and data-driven policy actions, which it said have strengthened confidence in financial markets. It also praised the Ministry of Finance and National Planning for maintaining fiscal restraint and prioritizing macroeconomic stability.

Acknowledging the role of private sector actors, civil society, cooperating partners, and the general public, the EAZ noted that collective efforts were crucial in supporting the path to stability.

While celebrating the milestone, the Association cautioned that sustaining single-digit inflation will require vigilance against supply-side shocks, fiscal slippages, and external vulnerabilities. It emphasized that long-term stability will depend on structural reforms, investment in productive capacity, and enhanced competitiveness across sectors.

EAZ has further urged the Government to prioritize sustained economic growth, strengthen productivity and value addition in key industries, and maintain a policy environment conducive to keeping inflation within the 6–8 percent range by 2030.

The Association reaffirmed its commitment to offering independent economic insights and policy advocacy, stressing that predictable and moderate inflation will enhance household welfare, attract investment, promote job creation, and build lasting resilience in Zambia’s economy.