RBZ pushes banks to lend idle funds

Reserve Bank of Zimbabwe governor John Mushayavanhu

THE Reserve Bank of Zimbabwe (RBZ) is urging commercial banks to deploy idle funds — some of which have remained locked away for extended pe­riods — into the lending mar­ket. The apex bank uses Non-Negotiable Certificates of Deposit (NNCDs) as a monetary policy tool to mop up excess liquidity from com­mercial banks, curb specula­tive borrowing,…

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