ABU DHABI / WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan received …
Read More »Zimbabwe lenders ask central bank to raise interest-rate cap
Bloomberg Zimbabwe’s lenders, which include units of Standard Bank Group Ltd and Ecobank Ltd, appealed to the central bank to raise interest rates that have been capped at 12 percent for the past two years, saying this would increase lending in the collapsing economy. They also proposed that the Reserve Bank of Zimbabwe introduce an overnight rate to facilitate lending …
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