Zambia Interest Rate  2012-2016 | Data | Chart | Calendar | Forecast

The central bank of Zambia increased its benchmark lending rate by 3 percentage points to 15.5 percent on November 3rd, 2015 aiming to curb a rise in consumer prices. In October, the inflation rate nearly doubled to 14.3 percent from 7.7 percent in September, reaching the highest in more than six years after a slump in the country’s currency. It is the first rate hike since November last year. Interest Rate in Zambia averaged 10.82 percent from 2012 until 2015, reaching an all time high of 15.50 percent in November of 2015 and a record low of 9 percent in May of 2012. Interest Rate in Zambia is reported by the Bank of Zambia.

Zambia Interest Rate
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Actual Previous Highest Lowest Dates Unit Frequency
15.50 12.50 15.50 9.00 2012 - 2015 percent Daily
In Zambia, interest rates decisions are taken by the Monetary Committee of the Bank of Zambia. The official rate is the policy rate. This page provides - Zambia Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Zambia Interest Rate - actual data, historical chart and calendar of releases - was last updated on February of 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2014-08-05 02:30 PM Interest Rate Decision 12.0% 12.0% 12%
2015-08-11 10:05 AM Interest Rate Decision 12.5% 12.5%
2015-11-03 09:20 AM Interest Rate Decision 15.5% 12.5%
2016-02-12 08:00 AM Interest Rate Decision 15.5%

Zambia Money Last Previous Highest Lowest Unit
Interest Rate 15.50 12.50 15.50 9.00 percent [+]
Deposit Interest Rate 7.88 6.49 48.50 6.00 percent [+]




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