Zambia’s central bank cut its benchmark lending rate by 75 basis points to 10.25 percent on Wednesday, citing declining consumer inflation, the high cost of credit and low growth.
“Inflation has continued to decline over the last 10 months. We also noted that the cost of credit has been high and growth has been sluggish,” Bank of Zambia governor Denny Kalyalya said.
(Writing by TJ Strydom; Editing by James Macharia)
Above Whispers is a platform for those who want to have a mature engagement online. It is primarily, (but not exclusively) aimed at women, and will provide an opportunity for people to engage in discussions about a range of issues such as politics, social justice, development, financial security, women’s rights, health, entrepreneurship, popular culture, faith, parenting, relationships, and other relevant areas.
Above Whispers as a media company aggregates news and information from credible news website for our audience. We also publish our own original contents by our contributors and writers.
All curated stories have the name of the originating source specified.
