Thursday, 24 September 2026Lusaka, Zambia
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Interest Rates

Interbank Rate

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

13.25%Aug 20260.00 ppon the month−1.25 ppon the year
12-month average13.82
Record high27.28Mar 2016
Record low1.55Jan 2011
Observations187since Jan 2011

Interbank Rate, Jan 2011 to Aug 2026

-1001020302011201320152017201920212023202513.25

Show the numbers
MonthInterbank Rate (%)
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
Jan 202514.00
Dec 202414.01
Nov 202413.89
Oct 202413.73
Sep 202413.45
Aug 202413.54
Jul 202413.52
Jun 202413.49
May 202416.59
Apr 202419.51
Mar 202417.53
Feb 202418.96
Jan 202416.68
Dec 202311.00
Nov 202311.07
Oct 202310.00
Sep 20239.99
Aug 20239.92
Jul 20239.00
Jun 20239.00
May 20239.00
Apr 20239.00
Mar 20239.00
Feb 20239.00
Jan 20239.00
Dec 20229.00
Nov 20228.98
Oct 20228.89
Sep 20229.00
Aug 20229.00
Jul 20229.00
Jun 20229.00
May 20229.00
Apr 20229.00
Mar 20228.98
Feb 20228.94
Jan 20228.64
Dec 20217.97
Nov 20217.64
Oct 20217.64
Sep 20217.64
Aug 20217.93
Jul 20218.52
Jun 20218.60
May 20218.60
Apr 20218.61
Mar 20218.61
Feb 20218.57
Jan 20218.43
Dec 20208.33
Nov 20208.14
Oct 20208.04
Sep 20208.06
Aug 20208.25
Jul 20208.44
Jun 20208.99
May 202012.54
Apr 202012.54
Mar 202012.54
Feb 202012.54
Jan 202011.62
Dec 201910.70
Nov 201910.70
Oct 201911.08
Sep 201910.61
Aug 201911.21
Jul 201910.66
Jun 201910.26
May 201910.26
Apr 20199.91
Mar 20199.91
Feb 20199.91
Jan 20199.92
Dec 20189.87
Nov 20189.84
Oct 20189.82
Sep 20189.77
Aug 20189.96
Jul 20189.96
Jun 20189.93
May 20189.92
Apr 20189.69
Mar 20189.15
Feb 20189.57
Jan 201810.25
Dec 201710.15
Nov 201710.11
Oct 201711.05
Sep 201710.51
Aug 201710.50
Jul 201712.00
Jun 201712.30
May 201712.03
Apr 201713.90
Mar 201713.52
Feb 201714.09
Jan 201715.34
Dec 201615.87
Nov 201616.20
Oct 201616.54
Sep 201616.71
Aug 201617.55
Jul 201618.19
Jun 201617.78
May 201617.73
Apr 201620.68
Mar 201627.28
Feb 201627.18
Jan 201627.02
Dec 201526.37
Nov 201525.28
Oct 201521.15
Sep 201514.72
Aug 201514.69
Jul 201514.70
Jun 201514.80
May 201514.60
Apr 201514.60
Mar 201513.12
Feb 201511.21
Jan 201512.24
Dec 201411.79
Nov 201411.79
Oct 201411.58
Sep 201411.12
Aug 201412.90
Jul 201414.23
Jun 201422.73
May 201422.92
Apr 201417.75
Mar 201416.75
Feb 201411.96
Jan 20149.99
Dec 201310.07
Nov 20139.94
Oct 20139.65
Sep 20139.61
Aug 20139.93
Jul 20139.77
Jun 201311.13
May 201310.45
Apr 201310.78
Mar 20139.95
Feb 20139.33
Jan 20137.59
Dec 20128.01
Nov 20128.85
Oct 20128.93
Sep 20127.58
Aug 20127.58
Jul 20128.75
Jun 20129.11
May 20127.90
Apr 20127.81
Mar 20127.54
Feb 20126.48
Jan 20125.52
Dec 20116.01
Nov 20118.31
Oct 20117.01
Sep 201113.67
Aug 20118.71
Jul 20114.41
Jun 20113.99
May 20113.30
Apr 20112.77
Mar 20112.59
Feb 20112.55
Jan 20111.55

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.

-20-100102020122014201620182020202220242026

IncreaseDecrease

Related analysis

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

More in Interest Rates

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Weighted Lending Base Rate13.25%0.00 ppm/m−1.25 ppy/yAug 2026Lending Margin13.91 pp−0.41 ppm/m−0.26 ppy/yAug 2026Average Lending Rate27.29%−0.28 ppm/m−1.38 ppy/yAug 2026

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