Professor Felix Masiye from the Department of Economics at the University of Zambia – UNZA has noted that reducing the interest rate at which businesses can borrow from financial institutions requires critical understanding of fundamental drivers of interest rates.Speaking in an exclusive interview with the Zambian Business Times – ZBT Prof Masiye stated that interest rates are linked to other macro-economic variables, like inflation which is the benchmark and is driven by public [budget] deficit, energy crisis and many other factor which should be carefully taken into consideration, when trying to reduce the cost of borrowing.“Several years ago, we used...
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