THE Bankers Association of Zambia has assured that banks are aligned with President Hakainde Hichilema’s call to reduce lending rates, saying internal reviews to this effect are already underway. During the launch of the Western Province Expo recently, President Hichilema urged banks to reduce their interest rates because government had done its part by reducing inflation and stabilising the exchange rate. “I challenge the banks to support the development of this Western Province and all the provinces by lowering the cost of capital because we have done our part as government to stabilise the currency, exchange rate, to pull it down, it is a cost, inflation, it is a cost. So we expect the banks and other lenders and other…...

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