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.
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