The Bank of Zambia cut its policy rate by 250 basis points to 10.75% on 30 September, its second cut this year. Inflation eased to 6.1% in September, inside the 6–8% target band, helped by cheaper maize and a stronger kwacha. Governor Denny Kalyalya said the cut aims to lower borrowing costs and support growth, which the bank forecasts at 5.3% this year. Cheaper credit helps firms and the government, but leaves less room to defend the kwacha if copper prices or capital inflows weaken. The decision comes as Zambia negotiates a new International Monetary Fund (IMF) programme, with talks running until 10 October.