Policy Interest Rate in Zambia
The policy rate ended 2022 at 9.00%, in line with the 9.00% end-2021 value, and down from the reading of 9.75% a decade earlier. For reference, the average policy rate in Sub-Saharan Africa was 11.80% at the end of 2022. For more interest rate information, visit our dedicated page.
Zambia Interest Rate Chart
Note: This chart displays Policy Interest Rate (%) for Zambia from 2014 to 2023.
Source: Macrobond.
Zambia Interest Rate Data
| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Policy Rate (%, eop) | 11.50 | 8.00 | 9.00 | 9.00 | 11.00 |
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Zambian interest rate projections for the next ten years from a panel of 7 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable interest rate forecast available for Zambian interest rate.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Zambian interest rate projections.
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