The central bank of Zambia raised its policy rate by 25 basis points to 9.25 percent to rein in inflationary pressures that threaten to push inflation above the bank’s year-end target of 7.0 percent.
The Bank of Zambia said the upward pressure on inflation in November was coming from feed prices that may contribute to higher meat prices and a global grain deficit that may lead to higher domestic and imported grain prices.
However, the bank’s Monetary…