Zambia Lending Rate
Lending interest rate FR.INR.LEND
Zambia's lending rate was 9.48% in 2020, ranked 66th globally. This represents a 7.9% decrease from 2019. Data from World Bank, covering 1978–2020.
Overview
Zambia's lending rate stood at 9.48% in 2020, a decline of +0.81pp from 2019. Zambia ranked 66th globally.
Zambia’s policy lending rate stood at 9.48 % in 2020, placing the country 66th in the world and just above peers such as Guyana (9.47 %) and Indonesia (9.54 %). The 43‑year series shows that the rate has moved dramatically over time, rising from a low of 8.25 % in 1978 to a historic peak of 113.31 % in 1993, a period marked by severe macro‑economic instability and hyperinflation. Since that peak, successive monetary‑policy adjustments have brought the rate down to a level close to the early baseline, yet it remains higher than the long‑run trough. The long‑term decline reflects tighter inflation targeting and gradual financial‑sector reforms, while the modest increase to 9.48 % in 2020 signals a cautious stance amid external shocks and fiscal pressures. Continued stabilization of public finances and deeper integration into regional credit markets could further moderate the lending rate, supporting broader credit growth in the coming years.
Data & projection
| Year | Lending Rate | YoY change | Rank |
|---|---|---|---|
| 2020 | 9.48% | −0.81pp | #66 |
| 2019 | 10.29% | +0.50pp | #66 |
| 2018 | 9.79% | −2.58pp | #66 |
| 2017 | 12.38% | −3.13pp | #90 |
| 2016 | 15.50% | +2.25pp | #104 |
| 2015 | 13.25% | +1.68pp | #93 |
| 2014 | 11.57% | +2.05pp | #87 |
| 2013 | 9.52% | −2.63pp | #68 |
| 2012 | 12.15% | −6.69pp | #87 |
| 2011 | 18.84% | −2.08pp | #119 |
| 2010 | 20.92% | −1.15pp | #121 |
| 2009 | 22.06% | +3.00pp | #123 |
| 2008 | 19.06% | +0.17pp | #113 |
| 2007 | 18.89% | −4.26pp | #112 |
| 2006 | 23.15% | −5.06pp | #120 |
Detected Pattern
Analysis
Zambia matched the Export Boom Cycle pattern in 2021. Historically, 71% of countries showing this pattern (546 out of 768) saw lending rate improve within 24 months. View full analysis →
Frequently Asked Questions
Zambia's lending rate was 9.48% in 2020. Ranked 66th globally. This represents a 7.9% decrease from the previous year.
Zambia's lending rate peaked at 113.31% in 1993.
The lowest lending rate in Zambia was 8.25% in 1978.
Zambia ranks 66th globally in lending rate as of 2020.
The World Bank indicator code is FR.INR.LEND. Data sourced from World Bank.
The lending rate of Zambia in 2020 was 9.48%. This ranks 66th in the world.
Cite this page
@misc{historysaid_zambia_lending-rate,
title = {Zambia Lending Rate},
url = {https://historysaid.com/zambia/lending-rate/},
publisher = {HistorySaid},
year = {2026}
}