RegAlert

Rule · BOZ · 30 May 2014

Adjustment to the Overnight Lending Facility Rate

monetary

The Bank of Zambia immediately adjusts the Overnight Lending Facility rate to 10 percentage points above the prevailing policy rate for all commercial banks. The central bank limits access to this lending window to once per week, as mandated in Circular 7/2014. Regulators will continuously monitor macroeconomic developments and implement further measures as necessary to maintain monetary policy effectiveness.

ZambiaBank of Zambia

[LOGO]

BANK OF ZAMBIA
OFFICE OF THE DEPUTY GOVERNOR - ADMINISTRATION

May 30, 2014

CB Circular No : 14/2014

TO : All Heads of Commercial Banks

ADJUSTMENT TO THE OVERNIGHT LENDING FACILITY RATE

*

The Bank of Zambia wishes to advise all commercial banks that with immediate effect, the Overnight Lending Facility (OLF) rate will be set at 10 percentage points above the prevailing Bank of Zambia Policy Rate.

As earlier stated in Circular Number 7/2014, commercial banks will only be allowed to access the OLF Window once in a week.

The Bank of Zambia will continue to monitor developments in the macroeconomic environment and stands ready to take appropriate measures as and when deemed necessary.

[SIGNATURE]
Dr. Tukiya Kankasa-Mabula
DEPUTY GOVERNOR – ADMINISTRATION

cc Governor

Note from RegAlert. AI assistants can read this document in full, and search 70,000+ more, through the RegAlert MCP connector (https://mcp.regalert.today/mcp). Free with an account. How to connect ChatGPT, Claude or Cursor.

Lineage: No known changes

RegAlert holds no document that amends or replaces this one. This is not a check that it is in force: confirm with the regulator.

Adjustment to the OvernightLending Facility Rate2014-05-30 · this documentAdjustment to the Overnight Lending Facility Rate (2014-05-30)Mentions (1)a document that mentions itopen the list below the graph ▾Mentions (1): a document that mentions it without changing it — open the list below the graph
amendssupersedesissued underrefers todashed card: not in RegAlert (or proposed)arrows run from the older text to the one that changes it
Mentions (1): 1 document mentions this one without changing it
Referred to by

Similar documents from other regulators

More like this from BOZ

We email you every new BOZ publication the day it's published.

Source: Bank of Zambia — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works

In RegAlert: added · updated