Header and navigation menu

Page content

Zambia trims key interest rate, sees inflation within target despite Iran war

Zambia's central ⁠bank lowered its main interest rate on Wednesday, ‌saying it saw inflation staying within its target range despite risks ​associated with the Iran war. The Bank of Zambia lowered its Monetary ​Policy Rate ​by 25 basis points to 13.25%, whereas economists polled by Reuters had predicted that interest rates would remain unchanged. [...]