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Most African central banks have kept policy unchanged this year on concerns about economic growth.

Standard Bank: Africa's monetary policy tighter than it seems News24 03 Jun 2021, 04:13 GMT+10 Central banks in several African nations are likely to overlook quickening inflation and keep interest rates on hold at least until the third quarter of next year as higher money-market yields suggest price-growth expectations remain anchored, according to the head of Africa research at the continent's biggest bank. "Monetary policy is tighter than implicitly suggested by conventional rates across the African continent," Standard Bank Group's Jibran Qureishi said in an interview. Yields at the short...

(Bloomberg) -- Zambian inflation accelerated to an 18-year high in May as the cost of meat and fish pushed up food prices. Consumer prices rose 23.2% from a year earlier, compared with 22.7% in April, according to Zambia’s interim statistician-general, Mulenga Musepa.

Zambian Central Bank Governor Sees Crucial IMF Deal Within Grasp May 20 2021, 10:38 AM May 19 2021, 6:59 PM May 20 2021, 10:38 AM (Bloomberg) -- Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast. (Bloomberg) -- Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast. Zambia is close to reaching a deal with the International Monetary Fund that will be crucial to restoring macroeconomic stability, the southern African nation’s central bank governor. “We couldn’t have got...

2021-05-19 14:31:12 GMT2021-05-19 22:31:12(Beijing Time) Xinhua English LUSAKA, May 19 (Xinhua) -- Zambia's central bank on Wednesday held the benchmark lending rate at 8.5 percent with the central bank chief expressing optimism on the country's economic recovery this year. Bank of Zambia (BoZ) Governor Christopher Mvunga said although the economy contracted in the first quarter of 2021, the projection for the remaining year shows a positive turnaround. The economy contracted in the first quarter mainly due to the negative effect of the second wave of the COVID-19 as well as a reductio...