Zambia's central bank left its benchmark lending rate unchanged at 15.5 percent on Friday.
Central bank leaves benchmark lending rate unchanged at 15.5 Pct
In January inflation ticked up to 21.8 percent year-on-year in January from 21.1 percent in December, while the economy is expected to grow 3.7 percent in 2016.
A man displays a 50,000 Kwacha note in Lusaka January 23, 2012. REUTERS/Mackson Wasamunu
Zambia is amongst the countries hard-hit by a severe drought that has swept across southern Africa that has withered maize crops, raising fears that a sharp increase in the prices of the staple food would fuel inflation.
JOIN OUR PULSE COMMUNITY!
ADVERTISEMENT
Eyewitness? Submit your stories now via social or:
Email: eyewitness@pulse.ng
Recommended articles
PDP unveils 200-member campaign council for Ighodalo's guber election in Edo
Tinubu approves resumption of repair work on Third Mainland Bridge
Ondo Poll: Ganduje consoles Jimoh Ibrahim after crushing defeat in APC primary
FG to review recent price hike of DStv, GOtv packages amid public outcry
BREAKING: FG grants Air Peace right to commence Abuja-London flights - Keyamo
Deputy who dumped Akeredolu clinches PDP governorship ticket
Gov inaugurates 2nd phase of palliative distribution to poor Enugu residents
Flight Dispatchers fault Keyamo's order to suspend Dana Air over landing mishap
Respite for Nigerians as NNPC says cause of fuel scarcity has been resolved
ADVERTISEMENT