Regulatory Alerts2026-01-01
CB Circular No. 07/2026: Adjustment to the Policy Rate and Overnight Lending Facility Rate
The Bank of Zambia has reduced its Policy Rate by 25 basis points to 13.25 percent and lowered the Overnight Lending Facility Rate to 29.75 percent, effective immediately following the May 11–12 Monetary Policy Committee meeting. The overnight lending rate is now positioned 16.50 percentage points above the new policy rate. All commercial banks must apply these updated rates immediately to comply with the directive.
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