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Videos for Zimbabwe by Zimbabweans

Zimbabwe Central Bank raises lending rate to 60 percent – VIDEO

 

A move by Zimbabwe’s Central Bank to raise its benchmark to 60 percent from 40 percent could have some unintended consequences on production sectors. That’s according to some market analysts. Last week the apex bank raised rates in an attempt to curb speculative borrowing that had fuelled a decline in the value of the Zimbabwean Dollar.

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