Zambia’s Inflation falls below 20% for the month of November
The Zambia Statistics Agency (ZAMSTAT) has announced the decrease in the annual inflation rate for the month of November, 2021 from 21.1% recorded in October 2021 to 19.3%.
Zambia
Zambia's central bank raises ratefor the 2nd time to steer inflation lower
Zambia's central bank raised it key interest rate for the second time, saying this would "help steer inflation to single digits in 2022 and to within the 6-8 percent target range by mid-2023..."
Fitch Upgrades Zambia's LC IDR to 'CCC'; Affirms FC IDR at 'RD'
Fitch Ratings has upgraded Zambia's Long-term Local-Currency (LTLC) Issuer Default Rating (IDR) to 'CCC' from 'CC' and has affirmed Zambia's Long-Term Foreign-Currency (LTFC) IDR at 'RD'.
Central Bank of Zambia hikes rate, ready to tighten again if CPI rises
Zambia's central bank raised its key interest rate for the first time since November 2019 to contain rising inflation and anchor inflation expectations, and said it was "ready to adjust the policy rate upwards further should inflationary pressures persist."
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