“So it was inevitable that interest rates were going to be aligned or go above the annual inflation rate. I don’t think they are going to be adjusted every month. There is a time where the interest rates will be going behind inflation,” he said. “Obviously there is going to be an...
Market watchers believe that a higher policy rate, which determines the level of interest rates in the entire economy, would moderate credit creation, which has seen growth in bank deposits of more than 250 percent over the last 12 months. The bank policy interest rate is set by central banks...
"They make significant profit margins by borrowing at concessionary terms, stocking and then selling their products in United States dollars or in Zimbabwe (ZW) dollars at inflated parallel market exchange rates, thus enabling them to easily pay off the loans from a portion of the proceeds, and ...
World Bank Arrears clearance hinged on payment of other debts – Zimbabwe country managerJuly 28, 2022In "Economic Analysis" Zimbabwe engaging with World Bank, IMF on clearing IFI debt, says finance ministerOctober 15, 2022In "Economic Analysis" IMF says Zimbabwe should speed up currency re...