May 23, 2020
 BANKS REDUCE INTEREST RATES
![Â banks-reduce-interest-rates](https://zambia24.com/wp-content/uploads/2020/05/159635/banks-reduce-interest-rates.jpg?v=1590251126)
By Ellen Hambuba: A number of commercial bank have reduced interest rates on all kwacha denominated loans and advances. This is in response to the move by the Bank of Zambia -BOZ to announce a reduction in Monetary policy rate from 11.5 percent to 9.25 percent. Among the banks that have revised their interest rates downwards include, Indo…