Zambia Policy Rate
Key information about Zambia Policy Rate
- Zambia cash rate (Policy Rate: Month End: Zambia) was set at 11.00 % pa in Mar 2024, compared with 11.00 % pa in the previous Feb 2024.
- Zambia Policy Rate averaged 10.25 % pa and is updated monthly, available from Jan 2006 to Mar 2024.
- The data reached an all-time high of 18.10 % pa in Aug 2009 and a record low of 3.90 % pa in Apr 2010.
The Bank of Zambia provides monthly Policy Rate.
Related information about Zambia Policy Rate
- In the latest reports, Zambia Short Term Interest Rate: Month Avg: Zambia: Treasury Bills Yield: 91 days was reported at 10.00 % pa in May 2023.
- Its Long Term Interest Rate (Long Term Interest Rate: Month End: Zambia: GRZ Bond Yields: 10 Years) was reported at 25.00 % pa in Jan 2024.
- Zambia Exchange Rate against USD averaged 18.58 (USD/ZMW) in May 2023.
- Its Real Effective Exchange Rate was 127.03 in Dec 2023.
View Zambia's Policy Rate from Jan 2006 to Mar 2024 in the chart:
What was Zambia's Policy Rate in Mar 2024?
Zambia cash rate (Policy Rate: Month End: Zambia) was set at 11.00 % pa in Mar 2024, compared with 11.00 % pa in the previous Feb 2024. See the table below for more data.
Last | Previous | Min | Max | Unit | Frequency | Range |
---|---|---|---|---|---|---|
11.00 Mar 2024 | 11.00 Feb 2024 | 3.90 Apr 2010 | 18.10 Aug 2009 | % pa | monthly | Jan 2006 - Mar 2024 |
Policy Rate by Country Comparison
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country/region | Last | Frequency | Range |
---|---|---|---|
Albania (% pa) | 3.25 Mar 2024 | monthly | Jan 2000 - Mar 2024 |
Algeria (% pa) | 3.00 Sep 2023 | monthly | Jan 1963 - Sep 2023 |
Argentina (%) | 70.20 Mar 2024 | monthly | Aug 1985 - Mar 2024 |
Armenia (% pa) | 8.50 Mar 2024 | monthly | May 2001 - Mar 2024 |
Australia (% pa) | 4.35 Mar 2024 | monthly | Aug 1990 - Mar 2024 |
Austria (% pa) | 4.50 Mar 2024 | monthly | Jan 1999 - Mar 2024 |
Azerbaijan (% pa) | 7.50 Apr 2024 | monthly | Jan 2005 - Apr 2024 |
Bahrain (% pa) | 6.25 Mar 2024 | monthly | Jan 2007 - Mar 2024 |
Bangladesh (% pa) | 8.00 Feb 2024 | monthly | Sep 2009 - Feb 2024 |
Belarus (% pa) | 9.50 Mar 2024 | monthly | Jul 1991 - Mar 2024 |
Belgium (% pa) | 4.50 Mar 2024 | monthly | Jan 1999 - Mar 2024 |
Bolivia (% pa) | 3.01 Mar 2024 | monthly | Jan 2013 - Mar 2024 |
Botswana (% pa) | 3.75 Apr 2022 | monthly | Aug 1976 - Apr 2022 |
Brazil (% pa) | 10.75 Mar 2024 | monthly | Mar 1999 - Mar 2024 |
Bulgaria (% pa) | 3.79 Apr 2024 | monthly | Feb 1991 - Apr 2024 |
Canada (% pa) | 5.00 Mar 2024 | monthly | Dec 1992 - Mar 2024 |
Chile (% pa) | 7.25 Mar 2024 | monthly | May 1995 - Mar 2024 |
China (% pa) | 2.65 Jun 2023 | monthly | Jan 2016 - Jun 2023 |
Colombia (% pa) | 12.25 Mar 2024 | monthly | Apr 1995 - Mar 2024 |
Croatia (% pa) | 3.00 Dec 2022 | monthly | Dec 1992 - Dec 2022 |
Cyprus (% pa) | 4.50 Mar 2024 | monthly | Jan 1999 - Mar 2024 |
Czech Republic (% pa) | 4.75 Mar 2024 | monthly | Jan 1993 - Mar 2024 |
Denmark (% pa) | 3.60 Mar 2024 | monthly | Aug 1914 - Mar 2024 |
Ecuador (% pa) | 10.53 Mar 2024 | monthly | Jul 1995 - Mar 2024 |
Egypt (% pa) | 27.75 Mar 2024 | monthly | Jan 1991 - Mar 2024 |
Estonia (% pa) | 4.50 Mar 2024 | monthly | Jan 1999 - Mar 2024 |
European Union (% pa) | 4.50 Mar 2024 | monthly | Jan 1999 - Mar 2024 |
Finland (% pa) | 4.50 Mar 2024 | monthly | Jan 1999 - Mar 2024 |
France (% pa) | 4.50 Mar 2024 | monthly | Jan 1999 - Mar 2024 |
Georgia (% pa) | 8.25 Mar 2024 | monthly | Jan 2008 - Mar 2024 |
Germany (% pa) | 4.50 Mar 2024 | monthly | Jan 1999 - Mar 2024 |
Ghana (% pa) | 29.50 May 2023 | monthly | Nov 2002 - May 2023 |
Greece (% pa) | 4.50 Mar 2024 | monthly | Jan 1999 - Mar 2024 |
Hong Kong SAR, China (% pa) | 5.75 Mar 2024 | monthly | Jun 1992 - Mar 2024 |
Hungary (% pa) | 8.25 Mar 2024 | monthly | Oct 1990 - Mar 2024 |
Iceland (% pa) | 10.00 Mar 2024 | monthly | Jan 1994 - Mar 2024 |
India (% pa) | 6.50 Mar 2024 | monthly | Apr 2001 - Mar 2024 |
Indonesia (% pa) | 6.00 Mar 2024 | monthly | Jun 2015 - Mar 2024 |
Ireland (% pa) | 4.50 Mar 2024 | monthly | Jan 1999 - Mar 2024 |
Israel (% pa) | 4.50 Mar 2024 | monthly | Dec 1998 - Mar 2024 |
Italy (% pa) | 4.50 Mar 2024 | monthly | Jan 1999 - Mar 2024 |
Ivory Coast (% pa) | 2.50 Mar 2017 | monthly | Jan 1964 - Mar 2017 |
Japan (% pa) | -0.10 Jun 2023 | monthly | Nov 2008 - Jun 2023 |
Jordan (% pa) | 8.50 Mar 2024 | monthly | Dec 1965 - Mar 2024 |
Kazakhstan (% pa) | 14.75 Mar 2024 | monthly | Feb 1992 - Mar 2024 |
Kenya (% pa) | 13.00 Mar 2024 | monthly | Jul 2003 - Mar 2024 |
South Korea (% pa) | 3.50 Mar 2024 | monthly | May 1999 - Mar 2024 |
Kosovo (% pa) | 4.50 Mar 2024 | monthly | Jan 1999 - Mar 2024 |
Kuwait (% pa) | 4.25 Mar 2024 | monthly | Jul 1999 - Mar 2024 |
Kyrgyzstan (% pa) | 13.00 Mar 2024 | monthly | Jan 1999 - Mar 2024 |
Laos (% pa) | 7.50 May 2023 | monthly | Dec 1992 - May 2023 |
Latvia (% pa) | 4.50 Mar 2024 | monthly | Jan 1999 - Mar 2024 |
Lebanon (% pa) | 10.00 Jan 2023 | monthly | Apr 1964 - Jan 2023 |
Lithuania (% pa) | 4.50 Mar 2024 | monthly | Jan 1999 - Mar 2024 |
Luxembourg (% pa) | 4.50 Mar 2024 | monthly | Jan 1999 - Mar 2024 |
Macau SAR, China (% pa) | 5.75 Mar 2024 | monthly | Dec 1999 - Mar 2024 |
North Macedonia (% pa) | 6.30 Mar 2024 | monthly | Jan 2002 - Mar 2024 |
Malawi (% pa) | 26.00 Mar 2024 | monthly | Jan 1980 - Mar 2024 |
Malaysia (% pa) | 3.00 Mar 2024 | monthly | Apr 2004 - Mar 2024 |
Malta (% pa) | 4.50 Mar 2024 | monthly | Jan 1999 - Mar 2024 |
Mauritius (% pa) | 4.50 Mar 2024 | monthly | Dec 1999 - Mar 2024 |
Mexico (% pa) | 11.25 Feb 2024 | monthly | Jan 2008 - Feb 2024 |
Moldova (% pa) | 3.75 Mar 2024 | monthly | Feb 2001 - Mar 2024 |
Mongolia (% pa) | 12.00 Mar 2024 | monthly | Jul 2007 - Mar 2024 |
Montenegro (% pa) | 4.50 Mar 2024 | monthly | Jan 1999 - Mar 2024 |
Morocco (% pa) | 3.00 Mar 2024 | monthly | Jun 1995 - Mar 2024 |
Myanmar (% pa) | 7.00 2024 | yearly | 1986 - 2024 |
Nepal (% pa) | 7.00 Mar 2024 | monthly | Jul 2003 - Mar 2024 |
Netherlands (% pa) | 4.50 Mar 2024 | monthly | Jan 1999 - Mar 2024 |
New Zealand (% pa) | 5.50 May 2023 | monthly | Mar 1999 - May 2023 |
Nigeria (% pa) | 24.75 Mar 2024 | monthly | Dec 2006 - Mar 2024 |
Norway (% pa) | 4.50 Mar 2024 | monthly | Jan 1991 - Mar 2024 |
Oman (% pa) | 6.00 Apr 2024 | monthly | May 2007 - Apr 2024 |
Pakistan (% pa) | 23.00 Mar 2024 | monthly | Feb 1992 - Mar 2024 |
Paraguay (% pa) | 6.00 Mar 2024 | monthly | Jul 2010 - Mar 2024 |
Peru (% pa) | 6.25 Mar 2024 | monthly | Sep 2003 - Mar 2024 |
Philippines (% pa) | 7.00 Mar 2024 | monthly | Jun 2016 - Mar 2024 |
Poland (% pa) | 5.75 Apr 2024 | monthly | Jan 2005 - Apr 2024 |
Portugal (% pa) | 4.50 Mar 2024 | monthly | Jan 1999 - Mar 2024 |
Qatar (% pa) | 6.25 Feb 2024 | monthly | Mar 2003 - Feb 2024 |
Romania (% pa) | 7.00 Mar 2024 | monthly | Jan 2003 - Mar 2024 |
Russia (% pa) | 16.00 Mar 2024 | monthly | Sep 2013 - Mar 2024 |
Saudi Arabia (% pa) | 6.00 Mar 2024 | monthly | Jan 2000 - Mar 2024 |
Serbia (% pa) | 6.50 Mar 2024 | monthly | Jan 2001 - Mar 2024 |
Singapore (% pa) | 4.00 Jun 2023 | monthly | Jul 2005 - Jun 2023 |
Slovakia (% pa) | 4.50 Mar 2024 | monthly | Jan 1999 - Mar 2024 |
Slovenia (% pa) | 4.50 Mar 2024 | monthly | Jan 1999 - Mar 2024 |
South Africa (% pa) | 8.25 Mar 2024 | monthly | Nov 1999 - Mar 2024 |
Spain (% pa) | 4.50 Mar 2024 | monthly | Jan 1999 - Mar 2024 |
Sri Lanka (% pa) | 8.50 Mar 2024 | monthly | Jan 1997 - Mar 2024 |
Sweden (% pa) | 4.00 Feb 2024 | monthly | Jan 1987 - Feb 2024 |
Switzerland (% pa) | 1.45 Apr 2024 | monthly | Jun 1999 - Apr 2024 |
Syria (% pa) | 5.00 Feb 2024 | monthly | Jan 1962 - Feb 2024 |
Taiwan (% pa) | 2.00 Mar 2024 | monthly | Jul 1961 - Mar 2024 |
Tajikistan (% pa) | 9.50 Mar 2024 | monthly | Jun 1995 - Mar 2024 |
Thailand (% pa) | 2.50 Mar 2024 | monthly | May 2000 - Mar 2024 |
Tunisia (% pa) | 8.00 Mar 2024 | monthly | Jan 2000 - Mar 2024 |
Turkey (% pa) | 50.00 Mar 2024 | monthly | Jun 1996 - Mar 2024 |
Ukraine (% pa) | 14.50 Mar 2024 | monthly | Dec 1992 - Mar 2024 |
United Arab Emirates (% pa) | 5.40 Mar 2024 | monthly | Nov 2007 - Mar 2024 |
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Government and Public Finance | Last | Frequency | Range |
---|---|---|---|
Consolidated Fiscal Balance: % of GDP (%) | -8.5 2021 | yearly | 2001 - 2021 |
Consolidated Fiscal Balance (USD mn) | -1,235.192 Dec 2023 | monthly | Nov 2015 - Dec 2023 |
Tax Revenue (USD mn) | 3,736.627 Dec 2023 | monthly | Nov 2015 - Dec 2023 |
Government Debt: % of GDP (%) | 45.5 2021 | yearly | 2014 - 2021 |
Forecast: Government Expenditure (ZMK bn) | 247.121 2028 | yearly | 2000 - 2028 |
Forecast: Government Net Debt (ZMK bn) | 496.854 2022 | yearly | 2000 - 2022 |
Forecast: Government Revenue (ZMK bn) | 234.442 2028 | yearly | 2000 - 2028 |
Foreign Trade | Last | Frequency | Range |
---|---|---|---|
Forecast: Exports of Goods Growth (%) | 4.533 2028 | yearly | 2000 - 2028 |
Trade Balance (USD mn) | -137.2 Feb 2024 | monthly | Jan 2003 - Feb 2024 |
Total Exports (USD mn) | 687.5 Feb 2024 | monthly | Jan 2003 - Feb 2024 |
Total Exports Growth (%) | -4.1 Feb 2024 | monthly | Jan 2004 - Feb 2024 |
Aluminum: Exports (USD th) | 1,710.822 2022 | yearly | 1995 - 2022 |
Exports: Medicament (USD th) | 2,186.716 2022 | yearly | 1995 - 2022 |
Exports: Medicinal and Pharmaceutical Product (USD th) | 905.677 2022 | yearly | 1995 - 2022 |
Total Imports (USD mn) | 824.7 Feb 2024 | monthly | Jan 2003 - Feb 2024 |
Total Imports Growth (%) | 35.8 Feb 2024 | monthly | Jan 2004 - Feb 2024 |
Imports: Medicament (USD th) | 263,152.229 2022 | yearly | 1995 - 2022 |
Imports: Medicinal and Pharmaceutical Product (USD th) | 119,354.130 2022 | yearly | 1995 - 2022 |
Total Exports to USA (USD mn) | 6.815 Jan 2022 | monthly | Jan 1981 - Jan 2022 |
Total Imports from USA (USD mn) | 13.253 Dec 2023 | monthly | Jan 1981 - Dec 2023 |
Total Exports to China (USD mn) | 147.345 Feb 2024 | monthly | Nov 1998 - Feb 2024 |
Total Imports from China (USD mn) | 142.124 Feb 2024 | monthly | Jul 1992 - Feb 2024 |
Balance of Payments | Last | Frequency | Range |
---|---|---|---|
Direct Investment Abroad (USD mn) | 39.9 Dec 2023 | quarterly | Mar 1998 - Dec 2023 |
Current Account Balance (USD mn) | -231.2 Dec 2023 | quarterly | Mar 1998 - Dec 2023 |
Current Account Balance: % of GDP (%) | 11.9 2021 | yearly | 2010 - 2021 |
Foreign Direct Investment (USD mn) | 27.0 Dec 2023 | quarterly | Mar 1998 - Dec 2023 |
Foreign Direct Investment: % of GDP (%) | -3.9 2021 | yearly | 2010 - 2021 |
Foreign Portfolio Investment (USD mn) | -85.358 Dec 2023 | quarterly | Mar 1998 - Dec 2023 |
Foreign Portfolio Investment: % of GDP (%) | 4.4 2021 | yearly | 2010 - 2021 |
Foreign Portfolio Investment: Equity Securities (USD mn) | -0.2 Dec 2023 | quarterly | Mar 1998 - Dec 2023 |
Foreign Portfolio Investment: Debt Securities (USD mn) | -85.167 Dec 2023 | quarterly | Mar 1998 - Dec 2023 |
External Debt (USD mn) | 24,216.8 Sep 2023 | quarterly | Mar 2011 - Sep 2023 |
External Debt: % of GDP (%) | 39.8 2021 | yearly | 2011 - 2021 |
Forecast: Current Account Balance (USD bn) | 3.607 2028 | yearly | 1980 - 2028 |
Net International Investment Position (USD mn) | -27,613.340 2022 | yearly | 2006 - 2022 |
Monetary | Last | Frequency | Range |
---|---|---|---|
Non Performing Loans Ratio (%) | 4.4 Sep 2023 | monthly | Jan 2011 - Sep 2023 |
Non-Performing Loans (USD mn) | 134.908 Sep 2023 | monthly | Jan 2011 - Sep 2023 |
Money Supply M1 (USD mn) | 2,336.513 Dec 2023 | monthly | Jan 1997 - Dec 2023 |
Money Supply M2 (USD mn) | 5,822.535 Dec 2023 | monthly | Jan 1997 - Dec 2023 |
M2 Growth (%) | 22.6 Dec 2023 | monthly | Jan 1998 - Dec 2023 |
Reserve Requirement Ratio (%) | 26.0 Feb 2024 | monthly | Jan 2004 - Feb 2024 |
Foreign Exchange Reserves (USD mn) | 3,033.9 Nov 2023 | monthly | Jan 2010 - Nov 2023 |
Foreign Exchange Reserves: Months of Import (NA) | 3.7 Nov 2023 | monthly | Jan 2010 - Nov 2023 |
Total Deposits (USD mn) | 7,523.390 Sep 2023 | monthly | Jan 2001 - Sep 2023 |
Total Deposits Growth (%) | 27.5 Sep 2023 | monthly | Jan 2002 - Sep 2023 |
Domestic Credit (USD mn) | 5,463.7 Dec 2023 | monthly | Dec 2001 - Dec 2023 |
Domestic Credit Growth (%) | 39.2 Dec 2023 | monthly | Dec 2002 - Dec 2023 |
Total Loans (USD mn) | 3,041.003 Sep 2023 | monthly | Jan 2001 - Sep 2023 |
Total Loans Growth (%) | 38.13 Sep 2023 | monthly | Jan 2002 - Sep 2023 |
Private Debt: % of Nominal GDP (%) | 10.21 2022 | yearly | 1965 - 2022 |
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