RBZ slashes benchmark interest rate to 30 percent

The Reserve Bank of Zimbabwe

THE Reserve Bank of Zimbabwe (RBZ) has slashed its benchmark policy rate to 30 percent from 35 percent with immediate effect, citing a fundamental shift toward a low and stable inflation environment. The reduction by the RBZ’s Monetary Policy Committee (MPC) is designed to support the country’s envisaged economic growth trajectory while aligning lending costs…

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