(Bloomberg) -- Wednesday’s Bank of Zambia interest-rate increase has barely ... That’s despite the central bank’s 50 basis-point rate hike to 14%, a move partly aimed at stabilizing the ...

The 50-basis-point hike in the Bank of Zambia’s Monetary Policy Rate took it to 14.50%, its highest level since 2016. Annual inflation stood at a more than three-year high of 16.7% in January ...