AFRICA WEEK AHEAD: Nigeria, Zambia Central Banks Meet on Rates

The Nigerian central bank’s Monetary Policy Committee will announce the outcome of its two-day meeting tomorrow.

In May, the committee kept its benchmark interest rate unchanged at a record 12 percent for a fourth consecutive meeting to bolster the naira and curb an inflation rate at an 18-month high.

Zambia’s central bank will today decide when its monetary policy committee will meet. The Bank of Zambia last month left its benchmark rate unchanged at 9 percent for a third straight time as inflation in Africa’s biggest copper-producing nation accelerated.


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