BoZ holds benchmark interest rate at 9 p.c
Published On February 17, 2022 » 943 Views» By Times Reporter » Latest News
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By MAIMBOLWA MULIKELELA –
THE Central Bank has held its benchmark interest rate at nine per cent after noting the inflation rate heading towards the target range of six-to-eight per cent for the medium term.
Meanwhile, Zambia’s fiscal deficit is projected to narrow to 6.7 per cent this year as revenue performance is enhanced and expenditure controls strengthened.

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