- Inflation drops sharply to 9.4% in January
- Reserves rise to $5.5bn despite lower import cover
LUSAKA, ZAMBIA – Zambia’s central bank has cut its benchmark interest rate by 75 basis points to 13.5%, citing faster-than-expected inflation declines and improved macroeconomic stability.
The decision, announced Wednesday by Bank of Zambia (BoZ) Governor Denny Kalyalya following a Monetary Policy Committee (MPC) meeting in Lusaka, reflects growing confidence that inflation is easing sustainably.
This article is free to read.
Sign up for free or sign in to continue reading.
Unlike our competitors, we don't force you to pay to read the news but we do need your email address to make your experience better.
Create your free account or sign in
