Regulatory Alerts2011-01-01
Bank of Zambia Circular 02/2011: Revision of the Margin on the Overnight Lending Facility Window
The Bank of Zambia has revised the margin applied to the interbank rate for determining the Overnight Lending Facility rate, reducing it from 600 to 400 basis points. This adjustment, effective immediately, aims to further enhance money market operations by improving short-term liquidity availability for commercial banks. The directive supersedes previous guidelines outlined in CB Circular No. 05/2009 regarding the introduction of the facility.
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