Regulatory Alerts2019-11-20
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Bank of Zambia Circular No. 13/2019 on the Overnight Lending Facility Rate
The Bank of Zambia has maintained its Overnight Lending Facility rate at 28.00 percent, despite raising the Policy Rate by 1.25 percentage points to 11.50 percent. This adjustment reduces the margin between the two rates to 16.50 percentage points from a previous 17.75 percentage points. The central bank will continue monitoring macroeconomic developments to ensure ongoing price and financial system stability.
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