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Zambia keeps policy rate steady after signs of inflation cooling

Allen Dreyfus
  • Central bank signals easing ahead as disinflation accelerates
  • Debt restructuring progress and copper revenues boost sentiment

Zambia’s central bank kept its benchmark interest rate steady at 14.50% following its second policy meeting of the year, pausing a tightening cycle that had seen back-to-back 50-basis-point hikes in November and February. The decision reflects cautious optimism from the Bank of Zambia’s Monetary Policy Committee (MPC), which cited moderating inflation and improved macroeconomic conditions.

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