Liquidity crunch seen persisting

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THE current tight liquidity crunch is likely to persist as authorities seek to curb inflationary pressures, analysts say.

The country has experienced a significant depreciation of the local unit, primarily driven by both demand and supply factors which resulted in inflationary pressures.

Fiscal and monetary authorities have introduced measures to stabilise the economy on the back of mounting inflationary pressures and exchange rate volatility.

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