Zambia holds interest rate at 14.5% as inflation eases

• Bank of Zambia keeps benchmark rate unchanged at 14.5% after policy meeting
• Inflation slows to 13% in July but still above 6-8% target range

LUSAKA, ZAMBIA – The Bank of Zambia left its benchmark interest rate unchanged at 14.5% on Wednesday, signalling caution despite recent progress in taming inflation.