Economics
Zambia Holds Rate at 2014 Low as Inflation Pressure Persists
Photographer: Waldo Swiegers/Bloomberg
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Zambia’s central bank held its key interest rate for a third straight meeting as inflation pressures persist in Africa’s second-biggest copper producer.
The bank maintained the rate at 9.75 percent, Governor Denny Kalyalya told reporters Wednesday in Lusaka, the capital. That’s the lowest since 2014.