{"id":32057,"date":"2012-09-03T10:01:00","date_gmt":"2012-09-03T14:01:00","guid":{"rendered":"http:\/\/countingpips.com\/forex-news\/2012\/09\/zambia-holds-policy-rate-steady-inflation-on-target\/"},"modified":"2012-09-03T10:01:00","modified_gmt":"2012-09-03T14:01:00","slug":"zambia-holds-policy-rate-steady-inflation-on-target","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex-news\/2012\/09\/03\/zambia-holds-policy-rate-steady-inflation-on-target\/","title":{"rendered":"Zambia holds policy rate steady, inflation on target"},"content":{"rendered":"<p>By Central Bank News<br \/>\n&nbsp; &nbsp; The Bank of Zambia held its policy rate steady at 9.00 percent as inflation remains in line with the central bank&#8217;s target of 7 percent.<br \/>&nbsp; &nbsp; The central bank of Zambia said in a statement from Aug. 31 that its Monetary Policy Committee had taken note of upside price pressures from a proposed change in electricity tariffs and higher mealie meal and meat prices.&nbsp;However, these inflationary pressures are likely to be moderated by the stable exchange rate and stable prices for fuel, fish and vegetables.<br \/>&nbsp; &nbsp; &#8220;<span>The Committee has weighed the inflation risks going forward and it has noted that during the policy relevant period, inflation will be broadly in line with the end-year target of 7.0%. Therefore, the Committee decided to maintain the policy rate at 9%,&#8221; the bank said.<\/span><br \/><span>&nbsp; &nbsp; Zambia&#8217;s inflation rate rose to 6.4 percent in August from 6.2 percent in July due to higher food prices. The International Monetary Fund expects the country&#8217;s economy to expand by 7.7 percent this year, up from an estimated 6.5 percent in 2011 due to high copper production.<\/span><br \/><span>&nbsp; &nbsp; <a href=\"http:\/\/www.centralbanknews.info\/\">www.CentralBankNews.info<\/a><\/span><br \/>          <span>&nbsp;<\/span><\/p>\n<div><img loading=\"lazy\" decoding=\"async\" width=\"1\" height=\"1\" src=\"https:\/\/blogger.googleusercontent.com\/tracker\/8290544642025682538-2593622211971165179?l=www.centralbanknews.info\" alt=\"\" \/><\/div><\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Central Bank News &nbsp; &nbsp; The Bank of Zambia held its policy rate steady at 9.00 percent as inflation remains in line with the central bank&#8217;s target of 7 percent.&nbsp; &nbsp; The central bank of Zambia said in a statement from Aug. 31 that its Monetary Policy Committee had taken note of upside price &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/forex-news\/2012\/09\/03\/zambia-holds-policy-rate-steady-inflation-on-target\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Zambia holds policy rate steady, inflation on target&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-32057","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts\/32057","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/comments?post=32057"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts\/32057\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/media?parent=32057"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/categories?post=32057"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/tags?post=32057"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}