Latest news with #ZambiaEconomy
Bloomberg
6 days ago
- Business
- Bloomberg
Zambia Inflation Slows to 11-Month Low as Food Prices Ease
Zambia's annual inflation rate eased to an 11-month low in May as improved rains helped cool price rises of corn meal and vegetables. Consumer prices rose 15.3% in May compared with 16.5% in April, Chief Statistician Chola Daka told reporters on Thursday in Lusaka, the capital.
Reuters
23-05-2025
- Business
- Reuters
Zambia central bank keeps main interest rate at 14.50%
LUSAKA, May 23 (Reuters) - Zambia's central bank kept its benchmark lending rate (ZMCBIR=ECI), opens new tab unchanged at 14.50% in a decision announced on Friday. The Bank of Zambia had raised its Monetary Policy Rate by 50 basis points each at its last meetings in February and November, to tame consumer inflation, which sits well above the bank's 6%-8% target range. The country's annual inflation rate was at 16.5% (ZMCPIY=ECI), opens new tab in April, unchanged, opens new tab from the previous month.
