Regulatory Alerts2014-01-01
Bank of Zambia Adjustment to the Overnight Lending Facility Rate
The Bank of Zambia has immediately adjusted the Overnight Lending Facility (OLF) rate to 10 percentage points above the prevailing policy rate. Commercial banks are now restricted to accessing the OLF window only once per week. The central bank will continuously monitor macroeconomic developments and implement further measures as necessary.
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