Research & Publications

Research, analysis, and official publications produced by the Bank of Zambia.

Latest Publications

Working Paper15 December 2025
PDF file

The Impact of Digital Currency on Monetary Policy Transmission

Research Department

This paper examines the implications of central bank digital currencies on monetary policy transmission mechanisms.

Research Paper22 November 2025
PDF file

Financial Inclusion and Economic Growth in Zambia: An Empirical Analysis

Economic Research Unit

An empirical study analyzing the relationship between financial inclusion indicators and economic growth in Zambia.

Publications

Bi-Annual MP Statements

Semi-annual monetary policy statements and reviews

Financial Systems Supervision

Reports on financial system oversight and regulation

Fortnightly Statistics

Bi-weekly statistical releases and data updates

Credit Market Monitoring

Analysis of credit market trends and developments

Electronic BoP Monitoring

Electronic balance of payments monitoring reports

Private Capital Flows

Reports on private sector capital movements

Direction of Trade

Trade flow analysis and statistics

Credit Conditions

Credit conditions surveys and analysis

Financial & Other Statistics

Comprehensive financial and economic statistics

Payment Systems Reports

Reports on payment systems performance and developments

Business Opinions & Expectations

Business sentiment surveys and expectations

Systemic Risk Survey

Assessment of systemic risks in the financial sector

Corporate & Statutory Publications

Annual ReportMarch 2025

Annual Report 2024

Comprehensive report on the Bank's operations, financial performance, and policy activities for the year 2024.

Annual ReportMarch 2024

Annual Report 2023

Detailed overview of monetary policy decisions, financial sector developments, and institutional achievements.

Research

Learn about the Bank's research activities and opportunities to contribute.

Research Papers

Published research papers on monetary policy, financial stability, and economic development topics.

Working Papers

Preliminary research and work in progress from the Bank's research department and collaborators.

Research Programme

The Bank of Zambia conducts research on monetary policy, financial stability, and economic development to inform policy decisions.

Call for Research Papers

Submit research papers on monetary policy, financial stability, and economic development for the BoZ Working Papers Series.

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