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Inflation to drop to 8.7%

BANK of Zambia Governor Denny Kalyalya during the press briefing yesterday.

KELLY NJOMBO, Lusaka
BANK of Zambia Governor Denny Kalyalya yesterday projected that inflation will decelerate to about 8.7 percent in the last quarter of 2016 because of fiscal consolidation and a stable exchange rate.
Giving the country’s macroeconomic outlook during which the central bank maintained the 15.5 percent monetary policy rate, the governor said the annual inflation rate is projected to slow down in the remaining quarters of 2016.
The inflation rate was at 22.2 in March.http://epaper.daily-mail.co.zm

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