The Markets Ledger

RBZ cuts policy rate

The Reserve Bank of Zimbabwe (RBZ) has reduced its benchmark policy rate from 35 percent to 30 percent, citing a sustained decline in inflation and improved macroeconomic stability, in a move aimed at supporting economic growth.

NMB shifts focus, ramps up lending

NMBZ Holdings is ramping up lending activities as it seeks to grow interest income and reduce reliance on transaction-based revenue following recent regulatory changes that slashed banking fees across the sector.

IDBZ battles high interest rates, tight liquidity

The Infrastructure Development Bank of Zimbabwe (IDBZ) says high borrowing costs coupled with persistent liquidity shortages continue to hamper the institution’s ability to secure projects funding, resulting in missed targets.

Zim currency is deeply undervalued: Central bank governor

“It’s a function of confidence of the market in the central bank, and we’re still trying to rebuild that confidence. We had lost it and we’re trying to rebuild it,” Reserve Bank of Zimbabwe governor John Mushayavanhu said.