LUSAKA, Nov. 22 (Xinhua) -- Zambia's central bank hiked its key interest rate by 100 basis points to 11 percent Wednesday to counter rising inflation.
Denny Kalyalya, governor of the Bank of Zambia (BoZ), said the government needs a robust policy response to anchor inflation expectations and bring it back within the 6 percent to 8 percent target band while addressing reporters in a quarterly press briefing.
