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Zambia holds interest rate at 14.5% as inflation eases

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Justice Nwafor

Justice Nwafor is an award-winning journalist covering finance, energy, climate, and economic development across the region.
  • 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.

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