Central Bank of Zambia rate hike

Somber Emerging Market Economic News

November 3, 2015

Brazil’s manufacturing purchasing managers index fell 2.9 points to a 79-month low of 44.1 in October. Following a 49% year-to-date slide of the Zambian kwacha, the central bank of Zambia’s key interest rate was raised today by 300 basis points to 15.5%.  Currency depreciation is feeding a double-digit inflation rate there. The private non-oil PMI […] More