Interest Rate in Zambia

Zambia Interest Rate | Economic News & Forecasts

Zambia - Interest Rate

Dynamics likely continued to improve in the second quarter and momentum should have spilled over into Q3. The private sector PMI largely held its ground in April–August, although conditions continued to deteriorate overall. More positively, employment levels increased for the third consecutive month in August and at a slightly stronger pace, which should have supported spending. However, elevated inflation, specifically soaring food prices, could have dragged on the overall improvement. Meanwhile, upbeat prices for copper—the country’s key export—continued to support the external sector, with goods exports expanding robustly in April–July, although the pace of growth eased amid a fading base effect. Meanwhile, daily infection rates have plunged since peaking in late July, allowing authorities to ease restrictions somewhat, although the vaccine rollout remains sluggish.

Zambia - Interest Rate Data

2015   2016   2017   2018   2019  
Policy Interest Rate (%)15.50  15.50  10.25  9.75  11.50  

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Zambia Interest Rate Chart

Zambia Interest Rate
Note: Monetary Policy Rate in % (eop).
Source: Bank of Zambia

Zambia Facts

Value Change Date
Bond Yield33.000.0 %Dec 31
Exchange Rate14.090.0 %Jan 01
Stock Market0.30.0 %Jan 06

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