FNB projects lower lending rates
Published On October 4, 2024 » 926 Views» By Times Reporter » Business, Stories
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. Chola

By KENNEDY MUPESENI and SNIKE MZULAH –
FIRST National Bank (FNB) Zambia says fiscal measures proposed in the 2025 National Budget and the optimism surrounding the mining sector will result in the lower cost of money in the economy.
Similarly, traders in Siavonga have commended the Government for introducing effective policies aimed at solving the economic woes.
The bank also sees the restructuring of about 88.2 per cent of the external debt as a bright spot for 2025 and beyond in terms of attracting capital in the financial market.
Speaking during a post-budget stakeholders’ engagement in Kitwe on Wednesday evening, FNB Zambia country economist Chileshe Moono said the fiscal consolidation measures by the Government will be critical in stabilising the economy.
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