THE STANDARD BANK GROUP HAS PREDICTED THAT ZAMBIA’S LEVEL OF INFLATION WILL SLIDE BACK INTO DOUBLE DIGITS BY THE FOURTH QUARTER OF 2011.
STANDARD BANK HEAD OF AFRICA RESEARCH SOUTH AFRICA: PHUMELELE MBIYO HOWEVER SAYS EVEN THOUGH INFLATION IS EXPECTED TO RISE NEXT YEAR, IT WON’T GO OVER 10 PERCENT.
MR. MBIYO SAYS THE DOWNSIDE TREND IN FOOD INFLATION WHICH IS LIKELY TO END IN THE NEXT SIX MONTHS OR SO ENTAILS THAT INFLATION OVER THE NEXT THREE TO SIX MONTHS WILL BE RELATIVELY LOW AND HOVERING BETWEEN 6 AND 8 PERCENT.
MR. MBIYO WAS SPEAKING IN LUSAKA AT THE LAUNCH OF THE STANBIC BANK OFFSHORE BANKING PRODUCT IN LUSAKA TODAY.
AND STANDARD BANK OFFSHORE MANAGER BUSINESS DEVELOPMENT AFRICA RICHARD BRAY SAYS THE ZAMBIAN INVESTOR WILL HAVE A WIDE RANGE OF PRODUCTS TO INVEST ON AS THEY NOW HAVE MORE EXPOSURE TO THE INTERNATIONAL WORLD.
AND MR. BRAY EXPLAINS MORE ON THE OFFSHORE PRODUCT THAT HAS BEEN LAUNCHED IN LUSAKA TODAY BY STANBIC BANK.
ENDS////
STANDARD BANK HEAD OF AFRICA RESEARCH SOUTH AFRICA: PHUMELELE MBIYO HOWEVER SAYS EVEN THOUGH INFLATION IS EXPECTED TO RISE NEXT YEAR, IT WON’T GO OVER 10 PERCENT.
MR. MBIYO SAYS THE DOWNSIDE TREND IN FOOD INFLATION WHICH IS LIKELY TO END IN THE NEXT SIX MONTHS OR SO ENTAILS THAT INFLATION OVER THE NEXT THREE TO SIX MONTHS WILL BE RELATIVELY LOW AND HOVERING BETWEEN 6 AND 8 PERCENT.
MR. MBIYO WAS SPEAKING IN LUSAKA AT THE LAUNCH OF THE STANBIC BANK OFFSHORE BANKING PRODUCT IN LUSAKA TODAY.
AND STANDARD BANK OFFSHORE MANAGER BUSINESS DEVELOPMENT AFRICA RICHARD BRAY SAYS THE ZAMBIAN INVESTOR WILL HAVE A WIDE RANGE OF PRODUCTS TO INVEST ON AS THEY NOW HAVE MORE EXPOSURE TO THE INTERNATIONAL WORLD.
AND MR. BRAY EXPLAINS MORE ON THE OFFSHORE PRODUCT THAT HAS BEEN LAUNCHED IN LUSAKA TODAY BY STANBIC BANK.
ENDS////
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