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Bank of Zambiia Form

Bank of Zambiia Form

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free central bank for its handling of the exchange rate turbulence this has helped the kwacha to recover from big losses last year at the bank of Zambia raised interest rates by 300 basis points to fifteen point five percent in November this was to curb inflationary pressures but left them hot on hold in February citing concerns about slowing growth the Quattro recouped some of the losses from last year when a shop slide in the copper price hurt Africa's second-biggest producer country but the currency came under renewed pressure this week after credit rating downgrade from rating agency Moody's in a statement the president says his administration has full confidence in the leadership of the central bank but many lusaka residents are yet to feel the effects of a strengthening kwatra kenyan

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