ZAMBIAN CENTRAL BANK CONCERNED OVER HIGH LENDING RATES

LUSAKA, The Bank of Zambia (BoZ) is concerned over the high interest rates prevailing in the local financial market, says the Head of Communications at the central bank, Kanguya Mayondi.

The BoZ is addressing the issue with players in the financial market, says Mayondi, who adds that the central bank has been having meetings with banks and other financial institutions to tackle the issue.

He notes, however, that lending rates of Zambian financial institutions usually fluctuate, depending on market forces and other economic fundamentals.

Source: NAM NEWS NETWORK

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