Zambia Central Bank Slashes Interest Rate More Than Expected to 13.50 Percent
The Bank of Zambia reduced its benchmark lending rate by 75 basis points today as inflation cooled. Officials expect price growth to continue slowing down.
Zambia's central bank announced a 75-basis-point cut to its benchmark lending rate on February 11, 2026, bringing the rate down to 13.50%. The decision was attributed to a faster-than-expected projected decline in inflation and marks the second consecutive cut to the country's key interest rate.
