Inflation declined to 9.4% in January (December: 9.9%). Meanwhile, on 14 February, the Central Bank raised the key rate to 9.25% from 9.00%. The Bank noted that inflation had receded in recent months but that it expected price pressures to jump up in the coming months on a weaker kwacha. Panelists see inflation averaging above the Bank’s 6.0–8.0% target range in 2023.
Zambia Exchange Rate (ZMW per USD, aop) Data
2017 | 2018 | 2019 | 2020 | 2021 | |
---|---|---|---|---|---|
Exchange Rate (ZMW per USD, aop) | 9.54 | 10.48 | 12.92 | 18.31 | 19.96 |