Zambia keeps policy rate steady after signs of inflation cooling

• Central bank signals disinflation could open door to easing later this year
• Copper-driven growth and debt restructuring progress lift investor sentiment

The Bank of Zambia has held its benchmark interest rate steady at 14.50% for the second quarter, pausing a tightening cycle that included back-to-back 50-basis-point hikes in November and February. The central bank cited reduced inflation, which it projects will continue to decline in the near term.