Regulatory Alerts2026-01-01
Adjustment to the Policy Rate and the Overnight Lending Facility Rate
The Bank of Zambia has immediately reduced its Policy Rate by 75 basis points to 13.50 percent following its February 9–10, 2026 Monetary Policy Committee meeting. This adjustment simultaneously lowers the Overnight Lending Facility rate to 30.00 percent, maintaining a 16.50 percentage point spread above the new policy rate. All commercial banks are directed to implement these revised rates effective immediately.
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