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Zambia Central Bank Slashes Rates Further Amid Accelerating Inflation Decline

Zambia Central Bank Slashes Rates Further Amid Accelerating Inflation Decline

Sputnik Africa

Zambia Central Bank Slashes Rates Further Amid Accelerating Inflation DeclineThe Bank of Zambia has reduced its monetary policy rate to 13.50%.January's... 11.02.2026, Sputnik Africa

2026-02-11T15:31+0100

2026-02-11T15:31+0100

2026-02-11T15:44+0100

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Zambia Central Bank Slashes Rates Further Amid Accelerating Inflation DeclineThe Bank of Zambia has reduced its monetary policy rate to 13.50%.January's annual inflation eased to 9.4% from December's 11.2%, with the central bank now forecasting it to hit the 6%-8% target range by Q2 of 2026, a Western news outlet reported.Positive agricultural conditions and local currency strengthening influenced the improvement of the inflation outlook, the bank's governor, Denny Kalyalya, stressed, as quoted by the media.Subscribe to @sputnik_africa Sputnik Africa | X

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