Bank of Zambia Slashes Key Rate by 75 Basis Points, Inflation Hits Single Digits

By:ThinkBusiness Africa The Bank of Zambia (BoZ) on Wednesday aggressively cut its benchmark lending rate by 75 basis points, lowering it to 13.50%. A move signaling growing confidence in the country’s cooling economy. The decision, announced by Governor Denny Kalyalya following a two-day Monetary Policy Committee (MPC) meeting, marks the...