Bank of Zambia cuts policy rate to 13.25% as inflation eases

WIRE — THE Bank of Zambia lowered its Monetary Policy Rate by 25 basis points to 13.25 percent, citing improved inflation prospects and a stable kwacha. Governor Denny Kalyalya said the Monetary Policy Committee considered an expected favorable maize harvest and relative stability in the kwacha-dollar exchange rate when making the decision Monday. "Although these factors are The post Bank of Zambia cuts policy rate to 13.25% as inflation eases first appeared on Mwebantu.

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