Business

ZB lauds lower monetary policy, interest rates

TRYNESS TEMBO, Lusaka
ZAMBIAN Breweries (ZB) says reduction in monetary policy rate and lower interest rates experienced during the last half of the year helped to improve the trading conditions for the company.
The company notes that the stability of the Kwacha is anticipated to continue to reduce the import costs for raw materials.

According to the ZB interim results for the six month period ended September 30, 2017, the strong macroeconomic fundamentals experienced during the period helped to improve the trading conditions for the company.

During the period under review, the country experienced increased copper prices of about US$7,000 a tonne, lower interest rates due to Government intervention and reduced monetary policy rate at…http://epaper.daily-mail.co.zm/

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