Zambia Interest Rate  2012-2017 | Data | Chart | Calendar | Forecast

The central bank of Zambia lowered its benchmark interest rate by 150 bps to 12.5 percent at its May 17th 2017 meeting, mentioning a decline in inflation and subdued growth. The inflation reached 22.9 percent in February of 2016, the highest since at least 2005 due to a weaker kwacha but has been falling consistently since then, standing at 6.7 percent in April. Interest Rate in Zambia averaged 12.08 percent from 2012 until 2017, reaching an all time high of 15.50 percent in November of 2015 and a record low of 9 percent in May of 2012.

Zambia Interest Rate
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Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-11-16 08:50 AM Interest Rate Decision 15.5% 15.5% 15.5%
2017-02-22 08:40 AM Interest Rate Decision 14% 15.5% 15.5%
2017-05-17 08:30 AM Interest Rate Decision 12.50% 14% 14%
2017-08-10 09:00 AM Interest Rate Decision 12.50%
2017-11-16 09:00 AM Interest Rate Decision




Zambia Money Last Previous Highest Lowest Unit
Interest Rate 12.50 14.00 15.50 9.00 percent [+]
Deposit Interest Rate 8.99 7.88 48.50 6.00 percent [+]


Zambia Interest Rate Notes

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 May of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
12.50 14.00 15.50 9.00 2012 - 2017 percent Daily



interest rate by Country

Last
Brazil 11.25 Apr/17
Russia 9.25 Apr/17
Turkey 8.00 Apr/17
Mexico 6.75 May/17
India 6.25 Apr/17
Indonesia 4.75 May/17
China 4.35 Apr/17
Australia 1.50 May/17
South Korea 1.25 May/17
United States 1.00 May/17
Canada 0.50 May/17
United Kingdom 0.25 May/17
Euro Area 0.00 May/17
France 0.00 May/17
Germany 0.00 May/17
Italy 0.00 May/17
Netherlands 0.00 May/17
Spain 0.00 May/17
Japan -0.10 Apr/17
Switzerland -0.75 May/17