Macro Analysis /

Zambia: Central bank holds policy rate at 9% citing slowing inflation

    16 February 2022
    • MPC expects inflation to slow down to average of 7.3% in 2024
    • Risks to outlook include higher oil prices and electricity tariffs, adverse weather, supply chain disruptions
    • GDP growth is seen to rebound gradually to 3.5% this year, 3.9% in 2024
    • MPC welcomes medium-term fiscal plan, says its implementation key for macroeconomic stability