Zambian central bank sees currency stability but inflationary pressures through year-end
The Bank of Zambia raised rates twice in recent months in the face of inflationary pressures driven by the removal of fuel subsidies, a poor harvest and a " slowdown in global economic prospects", according to the governor's half-yearly statement on recent economic developments.
Michael Gondwe said the economic prospects for the second half of 2013 remain favourable, but an expected increase in food prices driven by extra demand could – along with exchange rate pressures – "pose a challenge to
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