Monday, 9 November 2026Lusaka, Zambia
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Interest Rates

Weighted Lending Base Rate

Weighted average base rate from which commercial banks price loans.

13.25%Sep 20260.00 ppon the month−1.25 ppon the year
12-month average13.70
Record high29.95Nov 2004
Record low8.00Sep 2020
Observations263since Nov 2004

Weighted Lending Base Rate, Nov 2004 to Sep 2026

0102030402005200820112014201720202023202613.25

Show the numbers
MonthWeighted Lending Base 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 202514.25
Nov 202514.38
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 202514.33
Jan 202514.00
Dec 202414.00
Nov 202413.80
Oct 202413.50
Sep 202413.50
Aug 202413.50
Jul 202413.50
Jun 202413.50
May 202413.10
Apr 202412.50
Mar 202412.50
Feb 202411.75
Jan 202411.00
Dec 202311.00
Nov 202310.25
Oct 202310.00
Sep 202310.00
Aug 20239.63
Jul 20239.50
Jun 20239.40
May 20239.25
Apr 20239.25
Mar 20239.25
Feb 20239.13
Jan 20239.00
Dec 20229.00
Nov 20229.00
Oct 20229.00
Sep 20229.00
Aug 20229.00
Jul 20229.00
Jun 20229.00
May 20229.00
Apr 20229.00
Mar 20229.00
Feb 20229.00
Jan 20229.00
Dec 20219.00
Nov 20218.63
Oct 20218.50
Sep 20218.50
Aug 20218.50
Jul 20218.50
Jun 20218.50
May 20218.50
Apr 20218.50
Mar 20218.50
Feb 20218.25
Jan 20218.00
Dec 20208.00
Nov 20208.00
Oct 20208.00
Sep 20208.00
Aug 20208.63
Jul 20209.25
Jun 20209.25
May 20209.81
Apr 202011.50
Mar 202011.50
Feb 202011.50
Jan 202011.50
Dec 201911.50
Nov 201910.50
Oct 201910.25
Sep 201910.25
Aug 201910.25
Jul 201910.25
Jun 201910.25
May 20199.95
Apr 20199.75
Mar 20199.75
Feb 20199.75
Jan 20199.75
Dec 20189.75
Nov 20189.75
Oct 20189.75
Sep 20189.75
Aug 20189.75
Jul 20189.75
Jun 20189.75
May 20189.75
Apr 20189.75
Mar 20189.75
Feb 201810.13
Jan 201810.25
Dec 201710.25
Nov 201710.63
Oct 201711.00
Sep 201711.00
Aug 201712.13
Jul 201712.50
Jun 201712.50
May 201713.63
Apr 201714.00
Mar 201714.00
Feb 201715.13
Jan 201715.50
Dec 201615.50
Nov 201615.50
Oct 201615.50
Sep 201615.50
Aug 201615.50
Jul 201615.50
Jun 201615.50
May 201615.50
Apr 201615.50
Mar 201615.50
Feb 201615.50
Jan 201615.50
Dec 201515.50
Nov 201515.50
Oct 201512.50
Sep 201512.50
Aug 201512.50
Jul 201512.50
Jun 201512.50
May 201512.50
Apr 201512.50
Mar 201512.50
Feb 201512.50
Jan 201512.50
Dec 201412.50
Nov 201412.50
Oct 201412.00
Sep 201412.00
Aug 201412.00
Jul 201412.00
Jun 201412.00
May 201412.00
Apr 201412.00
Mar 201410.25
Feb 20149.88
Jan 20149.75
Dec 20139.75
Nov 20139.75
Oct 20139.75
Sep 20139.75
Aug 20139.75
Jul 20139.75
Jun 20139.50
May 20139.25
Apr 20139.25
Mar 20139.25
Feb 20139.25
Jan 20139.25
Dec 20129.14
Nov 20129.14
Oct 20129.29
Sep 20129.29
Aug 20129.61
Jul 20129.62
Jun 201211.74
May 201213.15
Apr 201216.05
Mar 201216.25
Feb 201216.25
Jan 201216.25
Dec 201117.03
Nov 201118.63
Oct 201118.99
Sep 201119.00
Aug 201118.99
Jul 201118.99
Jun 201118.98
May 201119.10
Apr 201119.10
Mar 201119.10
Feb 201119.09
Jan 201119.16
Dec 201019.36
Nov 201019.60
Oct 201019.62
Sep 201019.82
Aug 201020.10
Jul 201020.62
Jun 201021.00
May 201021.33
Apr 201021.54
Mar 201022.62
Feb 201022.64
Jan 201022.67
Dec 200922.71
Nov 200923.08
Oct 200923.11
Sep 200923.11
Aug 200922.99
Jul 200922.42
Jun 200922.44
May 200921.56
Apr 200920.95
Mar 200920.90
Feb 200920.85
Jan 200920.86
Dec 200820.85
Nov 200820.62
Oct 200820.62
Sep 200819.65
Aug 200818.62
Jul 200818.62
Jun 200818.46
May 200818.25
Apr 200818.24
Mar 200818.21
Feb 200818.33
Jan 200818.37
Dec 200718.30
Nov 200718.24
Oct 200718.23
Sep 200718.24
Aug 200718.25
Jul 200718.25
Jun 200718.22
May 200718.25
Apr 200718.25
Mar 200720.26
Feb 200721.02
Jan 200721.02
Dec 200621.64
Nov 200621.58
Oct 200621.63
Sep 200621.63
Aug 200621.70
Jul 200621.70
Jun 200621.63
May 200622.83
Apr 200625.15
Mar 200625.36
Feb 200626.40
Jan 200626.70
Dec 200527.56
Nov 200528.20
Oct 200528.20
Sep 200528.22
Aug 200528.29
Jul 200528.18
Jun 200528.60
May 200528.05
Apr 200528.00
Mar 200528.06
Feb 200528.60
Jan 200527.95
Dec 200429.76
Nov 200429.95

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.

-10-5052006200920122015201820212024

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

View all
Policy 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 2026Interbank Rate13.25%0.00 ppm/m−1.25 ppy/ySep 2026

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