Regulatory Alerts2020-01-01
Central Bank of Zambia Circular No. 17 of 2020: Adjustment to the Overnight Lending Facility Rate
The Central Bank of Zambia issued Circular No. 17 of 2020 to adjust the Overnight Lending Facility Rate, thereby recalibrating short-term benchmark interest rates for commercial banks. This directive mandates immediate compliance from all licensed financial institutions to align their lending and deposit pricing with the updated monetary policy stance. The revised rate takes effect upon publication to ensure consistent liquidity management and stabilize market borrowing costs across the domestic financial sector.
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