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{
    "id": 1222122,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1222122/?format=api",
    "text_counter": 190,
    "type": "other",
    "speaker_name": "",
    "speaker_title": "",
    "speaker": null,
    "content": "Rising interest rates continue to cause downside risks to the implementation of the debt strategy, especially if interest rates are increased in response to the rising inflation that had reached 9.23 per cent as of February 2023. Indeed, the interest rates for the 91 days Treasury Bill has risen from 6.2 per cent in August 2020 to 9.74 per cent in March 2023, thus increasing the cost of domestic borrowing and creating the possibility of crowding out the private sector."
}