By Nicholas BariyoZambia's central bank on Wednesday held its key lending rate at 9% for the second time in a row this year, citing easing inflationary pressure in Africa's second-largest copper and cobalt producer. Central Bank Governor Denny Kalyalya told reporters that Zambia's recovering currency, aided by improved metal prices and better domestic food production, have helped slow down inflation.

Source: Wall Street Journal May 18, 2022 09:27 UTC