Regulatory Alerts2001-01-01
Bank of Zambia Interest Rate Circular 17/2001
The Bank of Zambia has immediately reduced its official Bank Rate by thirteen percentage points. The revised benchmark now stands at two percent above the weekly weighted average yield of ninety-one day Treasury bills, down from the previous fifteen percent margin. This monetary policy adjustment, communicated via Circular 17/2001, directs all commercial banks to align their operations with the new rate structure.
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