Zambia's central bank left its benchmark lending rate unchanged at a record 15.5 percent on Tuesday, and said it was focused on reining-in soaring inflation.
Central bank keeps key rate unchanged at 15.5 percent
Zambia's inflation slowed to 21.8 percent in April from 22.2 percent year-on-year in March.
"Inflation is trending downwards and our projections are that by the fourth quarter of this year we should be in single digit inflation," central bank's governor Denny Kalyalya said.
JOIN OUR PULSE COMMUNITY!
ADVERTISEMENT
Eyewitness? Submit your stories now via social or:
Email: eyewitness@pulse.ng
Recommended articles
Nigeria’s economy to experience significant growth soon – Shettima
Businesses grounded in Maiduguri fish market as traders revolt against leaders
Slain NYSC member's brother petitions House of Reps, insists deceased not cultist
Police arrest over 50 suspects after brutal clashes at Ile-Epo, Lagos
Our government won't blame Buhari for any failure - Shettima
Gov Eno donates 20 patrol vehicles to boost security, protect residents
FG begins 'School-to-Work' to help youths identify life-long skills early
Bandits 'doctor', masterminds of Greenfield University attack, others arrested
Anambra Govt arrests father who marries off underage daughter to a wife beater
ADVERTISEMENT