Reserve Bank of Zimbabwe (RBZ) governor John Mushayavanhu
Business

RBZ pushes banks to cut lending rates

KUDZANAI GEREDE THE Reserve Bank of Zim­babwe (RBZ) has urged lo­cal banks to reduce lending rates in line with policy rate cuts, warning that expensive credit is pricing productive sectors out of formal financing. The central bank, in June this year cut its main bank policy rate from 35 percent to 30 percent in line…

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