Monday, 9 November 2026Lusaka, Zambia
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Interest Rates

Interbank Rate

Weighted average overnight rate at which banks lend to each other.

13.25%Sep 20260.00 ppon the month−1.25 ppon the year
12-month average13.72
Record high27.28Apr 2016
Record low1.49Jun 2010
Observations263since Nov 2004

Interbank Rate, Nov 2004 to Sep 2026

01020302005200820112014201720202023202613.25

Show the numbers
MonthInterbank Rate (%)
Sep 202613.25
Aug 202613.25
Jul 202613.25
Jun 202613.25
May 202613.31
Apr 202613.50
Mar 202613.50
Feb 202613.69
Jan 202614.25
Dec 202514.38
Nov 202514.50
Oct 202514.50
Sep 202514.50
Aug 202514.50
Jul 202514.50
Jun 202514.50
May 202514.50
Apr 202514.50
Mar 202514.50
Feb 202514.00
Jan 202514.01
Dec 202413.89
Nov 202413.73
Oct 202413.45
Sep 202413.54
Aug 202413.52
Jul 202413.49
Jun 202416.58
May 202419.51
Apr 202417.53
Mar 202418.96
Feb 202416.68
Jan 202411.00
Dec 202311.07
Nov 202310.00
Oct 20239.99
Sep 20239.92
Aug 20239.00
Jul 20239.00
Jun 20239.00
May 20239.00
Apr 20239.00
Mar 20239.00
Feb 20239.00
Jan 20239.00
Dec 20228.98
Nov 20228.89
Oct 20229.00
Sep 20229.00
Aug 20229.00
Jul 20229.00
Jun 20229.00
May 20229.00
Apr 20228.98
Mar 20228.94
Feb 20228.64
Jan 20227.97
Dec 20217.64
Nov 20217.64
Oct 20217.64
Sep 20217.93
Aug 20218.52
Jul 20218.60
Jun 20218.60
May 20218.60
Apr 20218.61
Mar 20218.57
Feb 20218.43
Jan 20218.33
Dec 20208.14
Nov 20208.04
Oct 20208.06
Sep 20208.25
Aug 20208.44
Jul 20208.99
Jun 202012.54
May 202012.54
Apr 202012.54
Mar 202012.54
Feb 202011.62
Jan 202010.70
Dec 201910.70
Nov 201911.08
Oct 201910.60
Sep 201911.21
Aug 201910.65
Jul 201910.25
Jun 201910.26
May 20199.90
Apr 20199.91
Mar 20199.91
Feb 20199.92
Jan 20199.87
Dec 20189.84
Nov 20189.82
Oct 20189.77
Sep 20189.96
Aug 20189.96
Jul 20189.93
Jun 20189.92
May 20189.68
Apr 20189.14
Mar 20189.57
Feb 201810.25
Jan 201810.15
Dec 201710.11
Nov 201711.05
Oct 201710.51
Sep 201710.50
Aug 201712.00
Jul 201712.30
Jun 201712.03
May 201713.89
Apr 201713.52
Mar 201714.09
Feb 201715.34
Jan 201715.87
Dec 201616.20
Nov 201616.53
Oct 201616.71
Sep 201617.55
Aug 201618.19
Jul 201617.78
Jun 201617.73
May 201620.68
Apr 201627.28
Mar 201627.18
Feb 201627.02
Jan 201626.37
Dec 201525.27
Nov 201521.15
Oct 201514.72
Sep 201514.69
Aug 201514.70
Jul 201514.80
Jun 201514.60
May 201514.60
Apr 201513.12
Mar 201511.21
Feb 201512.24
Jan 201511.79
Dec 201411.79
Nov 201411.57
Oct 201411.11
Sep 201412.90
Aug 201414.23
Jul 201422.73
Jun 201422.92
May 201417.74
Apr 201416.75
Mar 201411.96
Feb 20149.99
Jan 201410.07
Dec 20139.94
Nov 20139.65
Oct 20139.61
Sep 20139.93
Aug 20139.77
Jul 201311.13
Jun 201310.44
May 201310.78
Apr 20139.95
Mar 20139.33
Feb 20137.59
Jan 20138.01
Dec 20128.85
Nov 20128.93
Oct 20127.58
Sep 20127.58
Aug 20128.75
Jul 20129.11
Jun 20127.90
May 20127.81
Apr 20127.53
Mar 20126.48
Feb 20125.52
Jan 20126.01
Dec 20118.31
Nov 20117.01
Oct 201113.67
Sep 20118.71
Aug 20114.41
Jul 20113.99
Jun 20113.30
May 20112.77
Apr 20112.60
Mar 20112.55
Feb 20111.55
Jan 20112.07
Dec 20102.53
Nov 20102.11
Oct 20102.15
Sep 20101.94
Aug 20101.79
Jul 20101.75
Jun 20101.49
May 20101.55
Apr 20101.67
Mar 20101.70
Feb 20102.22
Jan 20104.40
Dec 20094.19
Nov 20095.11
Oct 20098.06
Sep 200911.78
Aug 200912.08
Jul 200911.89
Jun 200911.99
May 200912.09
Apr 200912.24
Mar 200911.79
Feb 200910.30
Jan 200910.48
Dec 200812.80
Nov 200815.98
Oct 200814.18
Sep 200811.73
Aug 200811.10
Jul 200811.85
Jun 200811.03
May 200810.68
Apr 200810.55
Mar 200810.98
Feb 200810.60
Jan 200810.42
Dec 200710.39
Nov 200711.26
Oct 200711.68
Sep 200714.03
Aug 200712.84
Jul 200710.45
Jun 200711.68
May 200712.50
Apr 20079.65
Mar 200710.18
Feb 20079.08
Jan 20078.43
Dec 20067.36
Nov 20067.24
Oct 20069.80
Sep 20067.92
Aug 20065.35
Jul 20066.88
Jun 20068.38
May 20066.75
Apr 20066.38
Mar 20067.74
Feb 20066.28
Jan 200610.03
Dec 200520.60
Nov 200513.83
Oct 200514.45
Sep 200517.76
Aug 200510.38
Jul 200517.46
Jun 200514.23
May 200510.75
Apr 200510.55
Mar 20058.62
Feb 20059.75
Jan 200514.30
Dec 200414.38
Nov 200412.18

Source: Bank of Zambia. Monthly. Gaps in the line are months with no published figure.

Change on a year earlier

Each bar is this month against the same month twelve months before — the comparison that strips out the seasonal pattern.

-20-10010202006200920122015201820212024

IncreaseDecrease

Related analysis

View all

Nothing published on this indicator yet. KSJ analysis appears here as it is written.

More in Interest Rates

View all
Policy Rate13.25%0.00 ppm/m−1.25 ppy/ySep 2026Weighted Lending Base Rate13.25%0.00 ppm/m−1.25 ppy/ySep 2026Lending Margin14.45 pp+0.41 ppm/m+0.35 ppy/ySep 2026Average Lending Rate27.70%+0.41 ppm/m−0.90 ppy/ySep 2026

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