Zambia has increased its interest rates by 1.25 percentage points, from 10.25% to an annual rate of 11.5%.
The key rates a tool used by Central Banks to implement monetary policy.
An increase in interest rates is used to slow down inflation and protect the currency.
This change is the first to have taken place since on May22th 2019, when the Central Bank increased interest rates by 0.5 percentage points to 10.25%.
Here we show you the progression of interest rates in Zambia. You can see interest rates in other countries in interest rates and see all the economic information about Zambia in Zambia economy.