Regulatory Alerts2019-11-14
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Bank of Zambia Circular No. 12 of 2019: Adjustments to the Overnight Lending Facility Rate
The Bank of Zambia has increased its Overnight Lending Facility rate to 28 percent, effective immediately. This adjustment raises the rate by ten percentage points above the prevailing Policy Rate, aiming to curb inflationary pressures and stabilize market conditions. The central bank will continue monitoring macroeconomic developments to ensure ongoing price and financial system stability.
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