Denny Kalyalya

Zambia's central bank lowered its policy rate by 25 basis points to 13.25% on Wednesday.

Global leaders at the 2026 World Bank-IMF Spring Meetings discussed how the Middle East conflict, particularly the Strait of Hormuz closure, threatens development agendas in emerging economies through fuel supply disruptions and commodity market volatility.

Zambia's central bank cut its main interest rate by 25 basis points to 13.25% Wednesday, citing contained inflation at 6.8% and exchange rate stability, though acknowledging geopolitical risks from the Iran conflict.

Zambia's central bank reduced interest rates as inflation declined, diverging from the global trend of monetary policy pauses, signaling confidence in its economic stabilization efforts despite broader international economic uncertainties.