Zambia's central bank keeps key rate unchanged at 12.5 pct

Zambia's central bank left its benchmark lending rate unchanged at 12.5 percent on Tuesday, saying it predicted inflation would breach the regulator's target by the end of the year. "In the third quarter of 2015, annual inflation is projected to be slightly above the end year target of 7.0 percent," Bank of Zambia governor Denny Kalyalya said at a press conference. Zambia's economy would benefit from government interventions to stabilize the economy of Africa's second-largest copper producer, go