Zambia Money (ann. var. of M2 %)

Money 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%.