Zambia's central bank slashes key rate by 250 basis points

Zambia's central bank cut its benchmark lending rate by 250 basis points to 10.75% (ZMCBIR=ECI) in a decision announced on Wednesday.The reduction was much larger than the 25-basis-point cut forecast by economists polled.Annual inflation softened to 6.1% (ZMCPIY=ECI) in September, from 6…