Balance interest rates with inflation, RBZ told

Despite the RBZ’s efforts to curb inflation, an ongoing crisis since the introduction of the ZiG in April 2024, Zimbabwe continues to struggle with price instability.

THE Reserve Bank of Zimbabwe (RBZ) has been urged to align interest rates on savings and time deposit accounts with annual inflation rates to revive the country’s savings culture.In its latest Monetary Policy Statement, the central bank raised interest rates for savings accounts from 3,5 percent to five percent for ZiG and from one percent…

Subscribe to read full article. Subscribe today

Related posts

CBZ targets strategic expansion into SA

Old Mutual grows funeral services branch network

Zimbabwe’s growth expected to outpace regional peers