{"id":45834,"date":"2013-12-28T04:10:37","date_gmt":"2013-12-28T09:10:37","guid":{"rendered":"http:\/\/countingpips.com\/forex-news\/?p=45834"},"modified":"2013-12-28T04:10:37","modified_gmt":"2013-12-28T09:10:37","slug":"zambia-holds-rate-steady-sees-inflationary-pressures","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex-news\/2013\/12\/28\/zambia-holds-rate-steady-sees-inflationary-pressures\/","title":{"rendered":"Zambia holds rate steady, sees inflationary pressures"},"content":{"rendered":"<p>By <a href=\"http:\/\/www.centralbanknews.info\/\"><u>CentralBankNews.info<\/u><\/a><br \/>\n&nbsp; &nbsp; Zambia&#8217;s central bank maintained its policy rate at 9.75 percent, saying upward pressures on inflation is expected to come from a seasonal rise in food prices along with the lagged pass-through effects of the recent deprecation of the kwacha currency.<br \/>&nbsp; &nbsp;&#8220;The current relatively tight monetary policy stance being pursued remains appropriate to mitigate the sustenance of these risks,&#8221; said the the Bank of Zambia in a statement from Dec. 27.<br \/>&nbsp; &nbsp; Zambia&#8217;s inflation rate rose slightly to 7.1 percent in December from 7.0 percent. above the central bank&#8217;s 6.0 percent target.<br \/>&nbsp; &nbsp; The central bank raised rates in June and July by a total of 50 basis points.<br \/>&nbsp; &nbsp; Like many other currencies, the kwacha fell in late May through early July but then rebounded and rose until mid-October when it again fell. Since the start of the year, the kwacha is down just over 6 percent against the U.S. dollar, trading at 5.56 today.<\/p>\n<p>&nbsp; &nbsp;<a href=\"http:\/\/www.centralbanknews.info\/\" target=\"_blank\"> www.CentralBankNews.info<\/a><\/p>\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>By CentralBankNews.info &nbsp; &nbsp; Zambia&#8217;s central bank maintained its policy rate at 9.75 percent, saying upward pressures on inflation is expected to come from a seasonal rise in food prices along with the lagged pass-through effects of the recent deprecation of the kwacha currency.&nbsp; &nbsp;&#8220;The current relatively tight monetary policy stance being pursued remains appropriate &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/forex-news\/2013\/12\/28\/zambia-holds-rate-steady-sees-inflationary-pressures\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Zambia holds rate steady, sees inflationary pressures&#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-45834","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts\/45834","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=45834"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts\/45834\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/media?parent=45834"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/categories?post=45834"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/tags?post=45834"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}