Interest rates seen tumbling below 20%

THE Reserve Bank of Zimbabwe (RBZ) has projected that interest rates will fall to between 11% and 20% this month through market processes.

Speaking at the Zimbabwe International Trade Fair (ZITF) international business conference in Bulawayo yesterday, RBZ deputy governor Innocent Matshe said several measures taken by the central bank early this month, including the launch of the new currency, would stabilise the economy.

“A question has been asked, what will then happen to interest rates?

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