BoZ Treasury Bill Auction Falls Short

Published: 22 Oct, 2025 12:08 Sources: S1 S2 Category: Business Language: English Country: Zambia

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The Bank of Zambia’s latest treasury bill auction recorded an undersubscription, attracting bids worth K1.04 billion against a K2.2 billion target. Only K928.75 million was accepted, indicating weak investor demand amid tighter monetary conditions. The 364-day tenor received the highest bids at K525.91 million. Interbank trading volumes declined, though market liquidity rose to K2.13 billion. Meanwhile, copper prices rose slightly, supported by stronger industrial output in China despite slower overall economic growth.