Zambia’s Central Bank Raises Key Rate to 14.50% to Curb Inflation

• Bank of Zambia increases Monetary Policy Rate by 50 basis points
• Move aims to bring inflation within the 6-8% target for 2025

Lusaka, Zambia – The Bank of Zambia has raised its Monetary Policy Rate by 50 basis points to 14.50% in a bid to curb inflation and align with the 6-8% target set in the 2025 budget and Medium-Term Expenditure Framework for 2025-27.