Exchange Rate in Zambia
Inflation increased to 10.2% in April from March’s 9.9%, moving further away from the Central Bank’s 6.0–8.0% target range. The acceleration was driven by a broad-based uptick in price pressures. The Bank sees inflation remaining above target during this year and the next. Accordingly, on 15–16 May, it raised the key policy rate to 9.50% from 9.25%.
Zambia Exchange Rate Chart
Zambia Exchange Rate Data
|Exchange Rate (ZMW per USD, eop)||10.0||12.0||14.1||21.2||16.7|