Tuesday 11 December 2018
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businessdaily - 7 month ago

Interest rates drop to maximum 12%

THE Reserve Bank of Zimbabwe (RBZ) says it continues to engage banks over the cost of borrowing, as directed by Government, but contends that at current prevailing range of 6 and 12 p lending rates have dropped to levels comparable to the rest of the world.Central bank governor Dr John Mangudya told The Herald Business in a recent interview that the range of 6-12 percent, depending on the c...

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