Key data points
Last release
—
Observation period
Nov 13, 2024
Next release
—
Forecast
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Highest
68.40 % on Mar 31, 2001
Lowest
3.90 % on Apr 30, 2010
About Zambia interest rate
In Zambia, interest rates decisions are taken by the Monetary Committee of the Bank of Zambia. The official rate is the policy rate.
Related indicators
Frequently Asked Questions
Zambia interest rate is 14% at the moment.
Last month Zambia interest rate was 14%, and the month before that it amounted to 13.5%.
Interest rate is the proportion of a loan that is charged as interest to the borrower, typically an annual percentage of the loan outstanding. When it comes to the national level, interest rate is a rate at which banks borrow money from a country's central bank.
Yes, negative interest rate can be used by the government as a monetary policy tool to stimulate economy growth.
Growing or falling interest rate can influence the country's economy, stimulate it or lower the inflation level. Even people can feel the effect of interest rate's movements — for example, if interest rate increases, loans get more expensive.