Regulatory Alerts2021-01-01
Bank of Zambia Adjustment to the Policy Rate and Overnight Lending Facility Rate
The Bank of Zambia has increased its Policy Rate by 0.50 percentage points to 8.50 percent and raised the Overnight Lending Facility rate to 25 percent, effective immediately following its February 15–16 Monetary Policy Committee meeting. All commercial banks are required to apply these updated rates to their liquidity operations and lending portfolios without delay. The central bank implemented these adjustments to align market funding costs with its broader monetary policy objectives and maintain macroeconomic stability.
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