Economic analyst Mambo Hamaundu says whilst the reduction in the Monetary Policy Rate has improved liquidity in banks, citizens are unable to get loans to expand their businesses due to uncertainty. The Bank of Zambia reduced the monetary policy rate from 10.25 per cent to 9.75 per cent four weeks ago. In an interview with News Diggers! Hamaundu said despite the reduction, citizens are not acquiring loans because the economy has not properly stabilized. “What is true is that most of the commercial banks have adjusted their lending rates in conformity of the same magnitude as the reduction in the policy rate. It goes without saying that with the reduction of the Statutory Reserve Ratio, it is given that liquidity…...

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