All NewsBusiness

RBZ moves to benchmark interest rates

All NewsBusiness

RBZ moves to benchmark interest rates

HARARE – The Reserve Bank of Zimbabwe (RBZ) has moved to benchmark the country’s interest rates, which it said were distorted and hindering deposits and economic growth. Acting governor Charity Dhliwayo — expected to present the 2014 monetary policy today — said “the current interest rate structure in Zimbabwe is distorted as evidenced by the…

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