Zambia raises rates for the first time since 2019
The Bank of Zambia’s monetary policy committee (MPC) raised interest rates to 9% on November 24, in an attempt to rein in inflation.
Year-on-year inflation fell to 19.3% in November. This was its fourth consecutive monthly fall but kept inflation at a level still well above the central bank’s target inflation band of 6–8%.
The central bank’s statement stressed that quarterly inflation had risen “by 0.2 percentage points to an average of 23.7% in the third quarter.
The central bank said the
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe
You are currently unable to print this content. Please contact info@centralbanking.com to find out more.
You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@centralbanking.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@centralbanking.com