Zambia’s central bank holds key rate at 9.0%

LUSAKA (Reuters) – Zambia’s central bank left its benchmark lending rate unchanged at 9.0%, Governor Denny Kalyalya told a news conference on Wednesday.

Factors influencing the decision included a sharp decline in inflation since the last monetary policy committee meeting in November and the fact that economic growth remained somewhat fragile, Kalyalya said.

(Reporting by Chris Mfula; Writing by Alexander Winning; Editing by Olivia Kumwenda-Mtambo)

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