By BUUMBA CHIMBULU
LIQUIDITY conditions continued to reflect effects of routine month-end public sector spending in the absence of government paper maturities during the start of March, 2025.
The degree of improvement was, however, limited by enhanced contractionary Open Market Operations (OMO) and payments for the foreign exchange purchases from the Bank of Zambia (BoZ).
This is contained in the Weekly Financial Update produced by Zanaco bank which indicated that: “even so, the increase in liquidity was significant enough to a two-basis point decline in the weighed O/N interbank rate to a weekly average of 14.3 percent from 14.5 percent.
“Despite all but one tenor offering negative real returns prospectively (2025 inflation is projected at 14.6 percent by BoZ), demand for CLICK HERE TO READ MORE
