BankOfZambia

Zambia's Central Bank Considers Pausing Rate Hikes Following Steady Inflation Rates

6 hours ago

The Bank of Zambia is contemplating a halt on interest rate increases after data revealed that inflation rates in the country have stabilized. This development comes in light of a recent report indicating that inflation remained unchanged at 9.8% in March, marking a consistent trend since the start of the year. The central bank's Monetary Policy Committee is set to meet soon, where this significant factor will be at the foremost of their discussions.

Zambia Takes Bold Step to Combat Rising Inflation with Interest Rate Hike

2 months ago

In a significant move to curb escalating inflation, the Bank of Zambia has announced an increase in its key interest rate by half a percentage point. This decision, made during the recent monetary policy committee meeting, aims to strike a balance between fostering economic growth and reining in the surge in consumer prices, which has become a pressing issue in the nation.