Treasury Bill auction remained undersubscribed even under the renewed reduced amount of K450m on offer

Home/Money Market Daily/Treasury Bill auction remained undersubscribed even under the renewed reduced amount of K450m on offer

Treasury Bill auction remained undersubscribed even under the renewed reduced amount of K450m on offer

Local Money Markets

According to the Bank of Zambia Daily Statistical Release of 04 February 2016, the cost of borrowing overnight on interbank was at 26.60%. Bank of Zambia remained absent from the market. On account of the liquidity levels in the market, the interbank rate is expected to hover around 26.55% and 26.85% levels.

2016-02-05T11:59:45+00:00 February 5th, 2016|Money Market Daily|

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