Zambia — Central bank policy rate

percent · Quarterly · Q1 1965–Q2 2021 · 210 observations

About this series

The central bank policy rate is the interest rate used by the monetary authority to implement or signal its policy stance. The exact instrument depends on the country.

Zambia's central bank policy rate reading was 16.1% in Q2 2021. The period change from 16.5% in Q1 2021 was −0.34 percentage points; the year-on-year change from 20% in Q2 2020 was −3.87 percentage points. The latest reading was above the selected 10-year average of 14.8%.

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Get the full series

  • Quarterly data, 1965–2021
  • Annual data, 1965–2020
  • Monthly data, 1965–2021
  • The underlying source, downloadable

Latest observations

Q1 2011–Q2 2021

PeriodValue
Q2 202116.1 %
Q1 202116.5 %
Q4 202016.4 %
Q3 202016.6 %
Q2 202020 %
15 earlier values
Q1 202020 %
Q4 201919.4 %
Q3 201919.2 %
Q2 201918.3 %
Q1 201916.9 %
Q4 201816.3 %
Q3 201815.4 %
Q2 201812.6 %
Q1 201811.1 %
Q4 201711.5 %
Q3 20179.74 %
Q2 201712.4 %
Q1 201713.8 %
Q4 201620.5 %
Q3 201620.6 %

Values before Q3 2016, back to Q1 2011, are on the chart — hover to read them.

Data release 2026_08_27_1049, published 30 Sept 2026.