Zimbabwe: Interest Rates Trade Mixed As Rbz Steps Up Omos

Harare — INTEREST rates are trading in the mixed as liquidity positions continue to oscillate on the back of aggressive open market operations by the central bank.

In the past five days, 90-day Negotiable Certificates of Deposit and bankers' acceptances of the same tenor were indicated in the 300 percent to 480 percent range, while call rates were between 2 percent and 20 percent and the interbank overnight rate varied between 0 percent and 750 percent depending on the liquidity conditions.

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