Zambia raises 2018 fiscal deficit forecast to 7.8 percent: central bank

LUSAKA (Reuters) - Zambia has raised its 2018 forecast for the country's fiscal deficit to 7.8 percent of gross domestic product from an initial estimate of 6.1 percent, governor Denny Kalyalya said on Wednesday.

"Containing the fiscal deficit within programmed levels remains a challenge," Kalyalya told a news conference shortly after saying interest rates would be kept unchanged at 9.75 percent.

(Reporting by Chris Mfula; Editing by Andrew Heavens)

2018-08-22 12:22:33

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