Zambia's central bank left is policy rate unchanged at 9.75 percent but reiterated its warning from November that "should the upside risks to inflation materialize and push inflation above the target range, the Committee may adjust the policy rate upward."

Zambia's central bank left its monetary policy rate unchanged at 9.75 percent but warned that "should the rising risks to inflation materialize, an upward adjustment in the Policy Rate may be necessary to prevent inflation from persistently staying above the target range."

Fitch Ratings-Hong Kong-11 October 2018: Fitch Ratings has downgraded Zambia's Long-Term Foreign-Currency Issuer Default Rating (IDR) to 'B-' from 'B', with a Negative Outlook.

 Moody's Investors Service, ("Moody's") has today downgraded the Government of Zambia's long-term issuer ratings to Caa1 from B3 and maintained a stable outlook.