Zambia trims key interest rate, sees inflation within target despite Iran war

AI Summary

The Bank of Zambia has decreased its Monetary Policy Rate by 25 basis points to 13.25%. This decision comes against the backdrop of a regional economic climate affected by inflation, which the bank still sees within target despite ongoing geopolitical tensions such as the Iran war.

The Bank of Zambia lowered its Monetary Policy Rate by 25 basis points to 13.25%, whereas economists polled by Reuters had predicted that ...