FX.co ★ Zambia Trims Key Interest Rate to 13.25% in May Policy Move

Zambia has cut its benchmark interest rate to 13.25% in May 2026, easing monetary policy slightly from the previous level of 13.50% set in February 2026. The decision marks a modest shift in the country’s rate stance after holding at 13.50% for several months.

The 0.25 percentage point reduction suggests policymakers see room for limited support to economic activity while maintaining relatively tight financial conditions. The move comes during the May policy review, with the updated rate data confirmed as of 13 May 2026.

Analysts and market participants will now watch closely to see how the lower policy rate filters through to borrowing costs, credit conditions, and overall growth dynamics in Zambia during the coming months.