Regulatory Alerts2015-01-01
Bank of Zambia Adjustment to Statutory Reserve Ratio and Overnight Lending Facility Rate
The Bank of Zambia has increased the statutory reserve ratio for all commercial banks by four percentage points to 18 percent, effective April 8, 2015. The central bank also adjusted the overnight lending facility rate to six percentage points above the current 12.5 percent policy rate. Banks must comply with these adjustments while the regulator continues to monitor macroeconomic developments and stands ready for further measures.
Share