Regulatory Alerts2026-07-31
Added
CB Circular No. 10 of 2026 - Adjustment to the Kwacha Statutory Reserve Ratio Statutory Reserve Compliance and Overnight Lending Facility Margin
Effective August 3, 2026, the minimum statutory reserve ratio on Kwacha deposits is reduced by 5 percentage points to 21.0 percent, while the ratio on foreign currency deposits remains at 26.0 percent. Commercial banks must shift from daily to weekly compliance for statutory reserve requirements, with the first maintenance period running from August 3, 2026, to August 9, 2026. Additionally, the margin for the Overnight Lending Facility above the Monetary Policy Rate is reduced by 5 percentage points to 11.50 percentage points, setting the OLF rate at 24.75 percent with immediate effect.
Topics
monetary
Share