Geopolitical Economics
Zimbabwe Banks Clash with Central Bank as High Interest Rates Stall Credit Growth and Economic RecoveryZimbabwe's central bank maintains tight monetary policy with a 35% interest rate to ensure macroeconomic stability, but commercial banks warn this constrains credit growth, stalls economic recovery, and leaves a ZiG1.2 billion lending facility largely unutilized despite sector profitability.
The Zimbabwe Mail · Apr 25