Business

Central bank acts to cushion falling liquidity

BOZ building.

TRYNESS TEMBO, Lusaka
AFTER a while of being absent on the open market operations (OMOs), the central bank on Thursday injected about K77 million in a bid to cushion falling liquidity.
The local money market saw a rise, although not at sustainable levels, resulting in the Bank of Zambia participating on the OMO, an activity by the central bank to take liquidity from a bank or a group of banks to boost money in circulation.http://epaper.daily-mail.co.zm/


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