Regulatory Alerts2020-01-01
CB Circular No. 23 of 2020 – Adjustments to the Overnight Lending Facility Rate
The Bank of Zambia has reduced the Overnight Lending Facility rate to 24.5 percent with immediate effect, maintaining a 16.50 percentage point margin against the Policy Rate. Commercial banks are required to apply this adjusted rate to all overnight lending operations immediately upon issuance. The central bank will continuously monitor macroeconomic developments and revise facility access conditions as necessary.
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