Both nations reduce borrowing costs to spur investment and construction amid easing inflation and currency stability.
Zambia and Angola lowered benchmark interest rates in May 2026 to bolster economic growth and improve financing conditions. Zambia reduced its rate by 25 basis points to 13.25%, citing slowing inflation, a stronger kwacha, and a projected bumper maize harvest.
Zambia’s annual inflation fell to 6.8% in April 2026, within the central bank’s 6%-8% target range, following four consecutive months of declines. The Bank of Zambia had previously cut rates by 75 basis points in February 2026. Angola also eased monetary policy to stimulate business activity and infrastructure development.
The moves aim to lower borrowing costs, encourage lending, and support industrial and construction sectors in both economies.