Policy Interest Rate in Zambia
The Policy Interest Rate (%, eop) ended 2024 at 14%, up from the 11% end-2024 value and up from the reading of 12.5% a decade earlier. For reference, the average interest rate in Sub-Saharan Africa was 14% at end-2024. For more information on interest rate, visit our dedicated page
Zambia Interest Rate Chart
Note: This chart displays Policy Interest Rate (%) for Zambia from 2014 to 2024.
Source: Macrobond.
Zambia Interest Rate Data
| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Policy Rate (%, eop) | 8.00 | 9.00 | 9.00 | 11.00 | 14.00 |
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Zambian interest rate projections for the next ten years from a panel of 8 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable interest rate forecast available for Zambian interest rate.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Zambian interest rate projections.
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