Banks should now be able to lend money to the productive sector at lower rates after the Reserve Bank of Zimbabwe's (RBZ) Monetary Policy Committee (MPC) yesterday resolved to reduce the overnight bank rate from 70 percent to 35 percent.
The MPC, which was appointed in September this year, was meeting for the second time.
...
AllAfrica Subscription Content
You must be an allAfrica.com subscriber for full access to certain content.
You have selected an article from the AllAfrica archive, which requires a subscription. You can subscribe by visiting our subscription page. Or for more information about becoming a subscriber, you can read our subscription and contribution overview.
For information about our premium subscription services:
You can also freely access - without a subscription - hundreds of today's top Africa stories and thousands of recent news articles from our home page »
Already a subscriber? Sign in for full access to article