Zambia's central bank says current monetary stance appropriate

LUSAKA (Reuters) - Zambia's central bank said on Friday its current monetary stance was appropriate despite a weakening kwacha currency and slowing economy due to a fall in the price of it's main export copper. "The Bank of Zambia deems the current monetary policy stance appropriate and will continue monitoring the developments closely," the bank said in a statement. Zambia, Africa's second-biggest copper price, left its benchmark lending rate unchanged at 12.5 percent on earlier this month, saying it predicted inflation would breach the regulator's target by the end of the year.