Thu, 22 Feb 2018 09:49:47 +0000 By BUUMBA CHIMBULU and ANDREW MUKOMA In Livingstone. THE banking industry has enough liquidity to service both Government for financing its 2018 national budget through domestic borrowing and the private sector, First National Bank (FNB) Zambia chief executive officer, Leonard Haynes, has said. According to Mr. Haynes, the available liquidity was as a result of the monetary policy instruments which had been put in place by Government through the Bank of Zambia (BoZ). Mr. Haynes explained that the instruments were yielding positive results which had since triggered increased liquidity in the financial market. “I can share for the record that at present, the banking sector is not short of liquidity. Two years ago, liquidity in the market was low but things changed and we are grateful to the Central Bank for its monetary policy which has resulted in availability of liquidity,” he said. He was speaking yesterday when […]
