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Zambia's Central Bank Keeps Policy Rate on Hold at 14.5% as Inflation Still Too High

BY MT Newswires | ECONOMIC | 08/13/25 06:45 AM EDT

06:45 AM EDT, 08/13/2025 (MT Newswires) -- Zambia's central bank (BoZ) on Wednesday said its Monetary Policy Committee (MPC) decided to leave the Monetary Policy Rate at 14.5%.

Since the last MPC meeting, inflation has been on a downward trend, falling to 14.1% in June and 13.0% in July and inflation was now projected to fall within the target band from Q1 2026, wrote BoZ in its policy statement.

"While recognising these positive developments, the Committee noted that at the current level, inflation is well above the 6-8% target band, and at the same time, uncertainties associated with global trade policies and persistent geopolitical tensions remain," the central bank added.

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