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Central bank keeps key rate unchanged at 15.5 percent
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Zambia's President Edgar Lungu attends a signing ceremony at the Elysee Palace in Paris, France, February 8, 2016. REUTERS/Philippe Wojazer
Zambia's inflation slowed to 21.8 percent in April from 22.2 percent year-on-year in March.
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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.
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"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.
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