Regulatory Alerts2023-03-07
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Bank of Zambia Circular No. 05 of 2023: Revision of the Weekly Interest Rate Template
The Bank of Zambia has revised its weekly interest rate reporting template to better reflect current market financial products. Commercial banks must now submit exhaustive data for Kwacha and foreign currency deposits, savings, and loans, capturing product details, weighted lending rates, and the top three client-preferred options. The revised template takes effect on March 14, 2023, while maintaining the existing Wednesday submission schedule.
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