Regulatory Alerts2020-01-01
CB Circular No. 6 of 2020: Adjustment to Open Market Operations Rules and Guidelines
The Bank of Zambia has amended its Open Market Operations framework to permit longer-term tenors beyond the previously mandated overnight basis. Overnight bids remain capped at plus or minus fifty basis points from the Policy Rate, while longer-term transactions require commercial banks to bid within fifty basis points of pre-announced maturity rates. These adjustments take immediate effect and leave all other existing rules unchanged.
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