Banks defy RBZ rate cuts
…central bank frustrated by slow rate of implementation
LIVINGSTONE MARUFU AND CLOUDINE MATOLA The Reserve Bank of Zimbabwe (RBZ) is frustrated with some banks’ failure to cut Zimbabwe Gold (ZiG) lending rates in line with the country’s lower inflation rate, Business Times can report. In June, the central bank cut its policy rate to 30% from 35%, citing sustained disinflation and improving macroeconomic…
