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lusakatimes - 24 days ago

BoZ slashes interest rates

Bank of Zambia (BoZ) has cut its monetary policy rate by 25 basis points to 14.25 percent. BoZ Governor Denny Kalyalya says that the cut is driven by the continued decline in inflation. Mr Kalyalya stated that the rate reduction is likely to have a ripple effect on the country s financial sector, influencing lending conditions [ ]


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