Monetary Policy
Official monetary policy decisions and statements issued by the Bank of Zambia.
Current Policy Rate
14.25%
Effective from 14 November 2025. The MPC maintained the policy rate to continue anchoring inflation expectations while supporting economic recovery.
Next Update: 17 March 2026
Policy Rate History
Latest Monetary Policy Reports
Statement14 November 2025
MPC Statement November 2025
The Monetary Policy Committee, at its November 13-14, 2025 meeting, decided to maintain the Monetary Policy Rate at 14.25 percent.
Statement14 August 2025
MPC Statement August 2025
The Monetary Policy Committee maintained the policy rate to continue anchoring inflation expectations.
Upcoming MPC Meetings
MPC Meeting
Q1 2026 Monetary Policy Committee Meeting
Bank of Zambia, Lusaka
12-13 February 2026 09:00 - 16:00
MPC Meeting
Q2 2026 Monetary Policy Committee Meeting
Bank of Zambia, Lusaka
13-14 May 2026 09:00 - 16:00
Policy Resources
MPC Statements
Official statements from the Monetary Policy Committee
Policy Framework
Monetary policy framework and operational guidelines
Market Operations
Open market operations and liquidity management
2025 Currency Directives
Currency policy directives and guidelines for 2025