Biz & CorporateBusiness

BoZ money squeeze to hurt businesses

…in an attempt to curb the escalating inflation, further driving upwards the borrowing rate from banks


BUSINESSES and individual citizens should brace for hard economic times as the Bank of Zambia (BoZ) has continued to tighten and squeeze liquidity from the economy whose resultant effect would be to pay more for money borrowed as the interest rates are set to take a sharp following the upward adjustment of the benchmark for lending rates by the Central Bank, Yusuf Dodia has warned.

The Bank of Zambia (BoZ) yesterday, yet again, put in place another measure to squeeze liquidity in the economy in an effort to curb the escalating click here to read more


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