{"id":56,"date":"2012-03-30T16:43:00","date_gmt":"2012-03-30T20:43:00","guid":{"rendered":"http:\/\/countingpips.com\/forex-news\/2012\/03\/bank-of-zambia-introduces-new-policy-rate-at-9-00\/"},"modified":"2012-03-30T16:43:00","modified_gmt":"2012-03-30T20:43:00","slug":"bank-of-zambia-introduces-new-policy-rate-at-9-00","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex-news\/2012\/03\/30\/bank-of-zambia-introduces-new-policy-rate-at-9-00\/","title":{"rendered":"Bank of Zambia Introduces New Policy Rate at 9.00%"},"content":{"rendered":"<div align=\"right\"><script type=\"text\/javascript\">\ntweetmeme_style = 'compact';\n<\/script><br \/>\n<script type=\"text\/javascript\" src=\"http:\/\/tweetmeme.com\/i\/scripts\/button.js\"><\/script><\/div>\n<p>The&nbsp;<a href=\"http:\/\/www.boz.zm\/\" target=\"_blank\">Bank of Zambia<\/a>&nbsp;announced it would set its new monetary policy benchmark interest rate at 9.00%. The move marks a transition in the Bank&#8217;s monetary policy, from money supply targeting to an interest rate target system. &nbsp;The overnight lending facility rate is due to be set at 250 basis points higher than the policy rate. &nbsp;The new interest rate level represents significant tightening, and compares to previous interest rate levels of around 6 percent. &nbsp;The Bank of Zambia&#8217;s adoption of a monetary policy benchmark interest rate follows similar moves by <a href=\"http:\/\/www.centralbanknews.info\/2011\/07\/bank-of-uganda-sets-new-interest-rate.html\">Uganda<\/a> and <a href=\"http:\/\/www.centralbanknews.info\/2011\/10\/angola-central-bank-sets-new-benchmark.html\">Angola<\/a> last year.<\/p>\n<div><\/div>\n<div><a href=\"http:\/\/www.centralbanknews.info\/\">www.CentralBankNews.info<\/a><\/div>\n<div><img loading=\"lazy\" decoding=\"async\" width=\"1\" height=\"1\" src=\"https:\/\/blogger.googleusercontent.com\/tracker\/8290544642025682538-3796192089405657770?l=www.centralbanknews.info\" alt=\"\" \/><\/div><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The&nbsp;Bank of Zambia&nbsp;announced it would set its new monetary policy benchmark interest rate at 9.00%. The move marks a transition in the Bank&#8217;s monetary policy, from money supply targeting to an interest rate target system. &nbsp;The overnight lending facility rate is due to be set at 250 basis points higher than the policy rate. &nbsp;The &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/forex-news\/2012\/03\/30\/bank-of-zambia-introduces-new-policy-rate-at-9-00\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Bank of Zambia Introduces New Policy Rate at 9.00%&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-56","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts\/56","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/comments?post=56"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts\/56\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/media?parent=56"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/categories?post=56"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/tags?post=56"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}