Zimbabwe: RBZ Keeps Policy Rate Unchanged

31 December 2020

THE Reserve Bank of Zimbabwe (RBZ) has kept the bank policy and medium term lending rates at 35 and 25 percent, respectively, while maintaining a stranglehold on money supply to entrench prevailing price stability.

RBZ Governor Dr Mangudya said in a statement, the bank was happy with prevailing price stability following the introduction of the foreign currency auction system, which has spurred local production of goods.

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