On the money market front, the aggregate commercial banks current account balances with Bank of Zambia stood at K809.4 billion. This balance has reduced by 6.27% from the previous day’s balance. Overnight interbank lending rates were averaging 1.63%. While funds traded on interbank amounted to K97 billion.

The Central Bank was still on the OMO and Treasury bill market on Thursday siphoning a total of K700 billion through term deposits and K96.3bn allocated out of the K149.6bn total bids received on Treasury bills with all but the 91days tenors oversubscribed.