Economics
Bank of Zambia Raises Key Interest Rate to Curb Inflation
- Benchmark interest rate was increased to 11.5% from 10.25%
- Central bank sees inflation above target range until 2021
Photographer: Waldo Swiegers/Bloomberg
This article is for subscribers only.
Sign up to our Next Africa newsletter and follow Bloomberg Africa on Twitter
Zambia’s central bank raised its key interest rate for a second time this year, bucking a global easing trend, in a bid to support its currency and tame inflation.