BANKERS Association of Zambia (BAZ) Chief Executive Officer Leonard Mwanza says the government managed to restore fiscal discipline in 2022. In an interview, Mwanza said this resulted in banks operating in a stable environment. “So far, all things are looking good. So, there are two things; banks themselves have been operating in an environment of monetary and fiscal stability. The economic environment was by and large stable in the year 2022 which is basically the reflection of government’s intent to economic stability and job creation. So, that environment of stability we saw it in terms of the key macro variables; inflation was contained within single-digit end year, though on average 11. 2 percent. The Kwacha did at one time appreciate...

To continue reading this premium content, login to your account or Subscribe to our ePaper using the buttons below.
Log In Subscribe