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Borrowers Win Cheaper Loans as Bank of Zambia Slashes Monetary Policy Rate by 250 Basis Points
Borrowers Win Cheaper Loans as Bank of Zambia Slashes Monetary Policy Rate by 250 Basis Points

Borrowers Win Cheaper Loans as Bank of Zambia Slashes Monetary Policy Rate by 250 Basis Points

Sussana Kapepe, AfricaWorks, Agora Village, LUSAKA | 1 October 2026 - The Bank of Zambia has cut the monetary policy rate, the benchmark interest rate that guides what banks charge their borrowers, by 250 basis points, bringing it to 10.75%. Inflation has cooled to 6.1%, which means prices across the economy are climbing more slowly, and that slowdown gave the central bank room to make borrowing cheaper.What a Lower Policy Rate Means for Borrowers and HouseholdsIn a press briefing held at the ce…

2 OCTOBER 2026 : 08:36PM Read More

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