RBZ lowers lending rates in response to COVID-19

By Staff Writer Zimbabwe’s central bank has reduced bank rates to 15% from 25% per annum with effect from Friday this week as authorities move in to ease the cost of borrowing against the backdrop of an economic implosion triggered by COVID-19. Zimbabwe’s economy is floundering and expects project the Gross Domestic Product to contract …

The post RBZ lowers lending rates in response to COVID-19 appeared first on Open Parly.

Read more
RBZ lowers lending rates in response to COVID-19

By Staff Writer Zimbabwe’s central bank has reduced bank rates to 15% from 25% per annum with effect from Friday this week as authorities move in to ease the cost of borrowing against the backdrop of an economic implosion triggered by COVID-19. Zimbabwe’s economy is floundering and expects project the Gross Domestic Product to contract …

The post RBZ lowers lending rates in response to COVID-19 appeared first on Open Parly.

Read more
COVID-19: Zim to record double digit GDP contraction

By Staff Writer Imara Capital, one of the country’s leading investment firms has advised President Emmerson Mnangagwa’s administration to push for political negotiations with Nelson Chamisa, as well as to adopt sound economic reforms after warning that the country’s economy could this year shrink by double-digit figures. Zimbabwe and the world are currently battling the …

The post COVID-19: Zim to record double digit GDP contraction appeared first on Open Parly.

Read more