ESTHER MSETEKA, Kalumbila
FIRST National Bank (FNB) Zambia anticipates a more buoyant economic recovery due to an injection of cheap credit following the intervention by the central bank to reduce the policy rate and statutory reserves ratio (SRR).
KALONDE NYATI, Lusaka
SUPPLY of the United States dollar is expected to dwindle ahead of the deadline for provisional taxes, which falls this Friday, says First National Bank (FNB).
As a statutory obligation, corporates and individuals are required to pay provisional taxes, which are advance payments in the course of the tax year paid by tax-payers in receipt of income other than emoluments from employment or office.
KALONDE NYATI, Lusaka
THE Kwacha, which has throughout this month remained generally stable against the United States dollar, is this week expected to remain range-bound although month-end obligations could push its appreciation.
TRYNESS TEMBO, Lusaka
IN THE short term, the Kwacha is expected to remain strong against the United States (US) dollar as corporates convert to meet their month-end salary obligations and participate in the Treasury bill auction today.
This entails that the local currency market is likely to be awash with sufficient greenback inflows.
TRYNESS TEMBO, Lusaka
THE Kwacha was yesterday expected to break the K9.20 level due to the continued conversion of the United States (US) dollars by companies to settle their tax obligations, First National Bank (FNB) has observed.
FNB says most corporates are taking advantage of the higher rate of the local unit.
TRYNESS TEMBO, Lusaka
THE Bank of Zambia (BoZ) on Monday mopped up excess Kwacha liquidity amounting to K100 million to further strengthen the local unit against major convertible currencies, financial market players say. (more…)
CYNTHIA MWALE, Lusaka
FIRST National Bank (FNB) Zambia Limited has complemented the central bank’s move to reduce monetary policy rate by also cutting the interest rate by 1.5 percent effective next month to pass on the benefits to customers. (more…)
KALONDE NYATI, Lusaka
THE money market has witnessed a reduction in interbank borrowing on the back of increased liquidity, First National Bank (FNB) has said. (more…)