Rate cut brings industry relief
…but high reserve requirements threaten to constrain lending
CLOUDINE MATOLA Industry and commerce have welcomed the Reserve Bank of Zimbabwe (RBZ)’s decision to cut its policy rate, saying the move should ease borrowing costs, although high reserve requirements could continue to constrain private-sector lending, Business Times can report. The central bank’s Monetary Policy Committee (MPC) cut the bank policy rate to 27.5% from…
