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Bank of Zambia Keeps Policy Rate Unchanged at 15.50%
Lusaka, Zambia, Capital Markets in Africa — The Bank of Zambia Monetary Policy Committee (MPC), at its meeting on 11 February 2016, decided to maintain the Policy Rate at 15.5% partly to address volatility in FX market, Bank of Zambia Governor Denny Kalyalya stated at presentation in capital, Lusaka. The MPC noted that although the annual rate of inflation at 21.8% in January 2016 was significantly above single digits, previous measures to tighten monetary policy…
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