THE Reserve Bank of Zimbabwe (RBZ) has slashed interest rates by 50 percentage points and increased the portion of earnings that exporters can keep in foreign currency to 75% from 60% previously. The announcement was made in the central bank’s February 2023 monetary policy statement (MPS) rel...
THE Reserve Bank of Zimbabwe(RBZ) has slashed interest rates from 150 percent to 130 percent per annum in response to changing local and global dynamics. It is good news for the private sector and borrowers after the Monetary Policy Committee resolved to reduce interest rates from 150 per to ...
The Reserve Bank of Zimbabwe (RBZ) has revised its 2024 economic growth forecast down to 2%, citing the severe drought's impact on economic activity. This is a sharp decline from earlier estimates, including a 3.5% forecast in April and a 5.3% forecast in November 2023. The drought has ...
Cross, however, noted the RBZ may have indirect say in the level of the exchange through levels of interest rates and money supply in the economy. Dr Mangudya said the bank’s weekly auction system, which was introduced in June last year, had grown to become one of the largest and most...