Zambia’s Central Bank Raises Policy Rate to 14.5% to Tackle Inflation

• Bank of Zambia hikes benchmark rate by 50 basis points amid persistent inflationary pressures
• Inflation expected to remain above target through 2026 despite economic recovery prospects

Lusaka, Zambia – Zambia’s central bank has raised its Monetary Policy Rate (MPR) by 50 basis points to 14.5%, aiming to curb inflation as the country works toward achieving a 6-8% target in 2025 and beyond.