- Zambia’s inflation rises to 6.3%, testing the central bank’s aggressive rate cut.
- Higher fuel prices and returning petroleum taxes threaten further inflationary pressures.
LUSAKA, ZAMBIA – Zambia’s first inflation rebound this year is testing an aggressive interest-rate cut as rising fuel costs threaten to narrow the central bank’s room for manoeuvre.
Annual consumer inflation rose to 6.3% in October from 6.1% in September, its lowest since February 2018, according to the Zambia Statistics Agency. The reversal comes weeks after a substantial monetary easing decision, raising questions about whether Africa’s second-largest copper producer can sustain cheaper borrowing amid renewed energy and currency pressures.
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