Sussana Kapepe, AfricaWorks, Agora Village, LUSAKA | 1 October 2026 - The Bank of Zambia has cut the monetary policy rate, the benchmark interest rate that guides what banks charge their borrowers, by 250 basis points, bringing it to 10.75%. Inflation has cooled to 6.1%, which means prices across the economy are climbing more slowly, and that slowdown gave the central bank room to make borrowing cheaper.What a Lower Policy Rate Means for Borrowers and HouseholdsIn a press briefing held at the ce…
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