Monday, 9 November 2026Lusaka, Zambia
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Banking & Liquidity

Statutory Reserve Ratio

The share of deposits banks actually hold as statutory reserves at the Bank of Zambia.

22.20%Sep 2026−0.15 ppon the month−4.37 ppon the year
12-month average26.10
Record high29.53Sep 2016
Record low5.27Apr 2018
Observations164since Jan 2013

Statutory Reserve Ratio, Jan 2013 to Sep 2026

010203040201320152017202020222024202622.20

Show the numbers
MonthStatutory Reserve Ratio (%)
Sep 202622.20
Aug 202622.35
Jul 202626.55
Jun 202626.48
May 202627.17
Apr 202626.87
Mar 202626.92
Feb 202627.07
Jan 202627.05
Dec 202527.00
Nov 202526.85
Oct 202526.68
Sep 202526.56
Aug 202526.42
Jul 202527.37
Jun 202526.82
May 202526.74
Apr 202526.21
Mar 202526.14
Feb 202526.27
Jan 202526.27
Dec 202426.21
Nov 202426.39
Oct 202426.36
Sep 202426.32
Aug 202426.22
Jul 202427.41
Jun 202425.99
May 202426.39
Apr 202426.69
Mar 202425.97
Feb 202425.02
Jan 202417.44
Dec 202317.27
Nov 202314.15
Oct 202311.87
Sep 202311.87
Aug 202311.94
Jul 202312.36
Jun 202312.05
May 202312.21
Apr 202312.24
Mar 202312.24
Feb 202310.55
Jan 20239.50
Dec 20229.66
Nov 20229.55
Oct 20229.53
Sep 20229.41
Aug 20229.53
Jul 20229.85
Jun 20229.83
May 20229.69
Apr 20229.85
Mar 20229.70
Feb 20229.56
Jan 20229.36
Dec 20219.67
Nov 20219.58
Oct 20219.55
Sep 202110.08
Aug 20219.76
Jul 20219.95
Jun 202110.12
May 20219.67
Apr 202114.03
Mar 20219.76
Feb 20219.56
Jan 20219.46
Dec 20209.54
Nov 20209.49
Oct 20209.63
Sep 20209.59
Aug 202010.04
Jul 202011.33
Jun 202010.37
May 20209.58
Apr 20209.28
Mar 20209.39
Feb 20209.17
Jan 20209.31
Dec 20196.86
Nov 20196.18
Oct 20196.04
Sep 20195.99
Aug 20195.48
Jul 20195.84
Jun 20195.72
May 20195.87
Apr 20196.41
Mar 20195.80
Feb 20196.19
Jan 20195.85
Dec 20186.74
Nov 20186.02
Oct 20185.73
Sep 20185.88
Aug 20186.45
Jul 20185.65
Jun 20186.61
May 20185.75
Apr 20185.27
Mar 20185.64
Feb 20188.30
Dec 20179.70
Nov 201711.39
Oct 201710.44
Sep 201712.07
Aug 201718.15
Jul 201713.34
Jun 201713.35
May 201716.11
Apr 201716.31
Mar 201715.61
Feb 201717.63
Jan 201713.46
Dec 201619.38
Nov 201617.25
Oct 201618.02
Sep 201629.53
Aug 201617.56
Jul 201617.65
Jun 201614.36
May 201617.73
Apr 201617.54
Mar 201617.48
Feb 201616.84
Jan 201617.24
Dec 201517.03
Nov 201516.43
Oct 201517.57
Sep 201517.87
Aug 201517.75
Jul 201517.50
Jun 201517.85
May 201518.28
Apr 201517.09
Mar 201513.94
Feb 201513.83
Jan 201513.92
Dec 201413.68
Nov 201413.88
Oct 201413.76
Sep 201414.18
Aug 201414.56
Jul 201414.24
Jun 201414.62
May 201414.93
Apr 201415.22
Mar 201412.84
Feb 201410.22
Jan 20149.40
Dec 20139.07
Nov 20137.23
Oct 20139.30
Sep 201310.00
Aug 20139.96
Jul 20139.42
Jun 20139.09
May 20139.24
Apr 20138.85
Mar 20138.88
Feb 20139.33
Jan 20137.24

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.

-20-1001020201420162020202220242026

IncreaseDecrease

Related analysis

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

More in Banking & Liquidity

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Liquid Assets Ratio59.07%−7.86 ppm/m−51.70 ppy/ySep 2026Required Liquid Assets Ratio6.00%0.00 ppm/m0.00 ppy/ySep 2026Required Reserve Ratio21.00%0.00 ppm/m−5.00 ppy/ySep 2026Banks’ Current Account BalancesK7.0bn−8.9%m/m+35.7%y/ySep 2026Bank Deposits (Kwacha)K130.3bn+1.1%m/m+24.9%y/ySep 2026Bank Deposits (Foreign Currency)$4,624.1m+0.9%m/m+9.4%y/ySep 2026Banking System Claims on GovernmentK74.8bn−8.0%m/m+25.2%y/ySep 2026

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