Regulatory Alerts2014-01-01
Adjustment to the Overnight Lending Facility Rate
The Bank of Zambia immediately adjusts the Overnight Lending Facility rate to 10 percentage points above the prevailing policy rate for all commercial banks. The central bank limits access to this lending window to once per week, as mandated in Circular 7/2014. Regulators will continuously monitor macroeconomic developments and implement further measures as necessary to maintain monetary policy effectiveness.
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