Real interest rate | Zambia – yearly data, chart and table

The Real interest year-end rate of Zambia in 2024 was 14.00%. The end-2023 rate was  11.00%. It has been growing in this country for already 2 years in a row. The lowest real interest rate in Zambia was recorded in 2020, with a value of  8.00%. The highest rate was in 2016, when it achieved 15.50%. Real Interest Rate ≈ Nominal Interest Rate - Inflation Rate. If the nominal interest rate on a loan is 9%, and inflation is 6%, the real interest rate is 3%. This means the lender effectively gains 3% in purchasing power, while the borrower pays 3% in real terms.