Zimbabwe: RBZ to Monitor Money Supply

The Reserve Bank of Zimbabwe (RBZ) will maintain tight leash on broad money supply growth, to avoid fuelling already high inflation and exchange rate volatility, after loosening screws on key interest rate benchmarks.

Last week the central bank cut the bank policy rate from 25 to 15 percent and the applicable rate on the medium term bank accommodation (MBA) facility from 15 to 10 percent to lower the domestic cost of borrowing.

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