The Reserve Bank of Zimbabwe Thursday released its 2021 Monetary Policy Statement in which the central bank reviewed previous monetary policy measures and announced new monetary measures.
The bank said it is evident that the Bank’s focus should be on monetary and financial system stability.
Accordingly, it will be increasing the Bank policy rate for overnight accommodation from the current 35% to 40% per annum and the medium-term lending rate for the productive sector lending from 25% to 30% per annum.
More: RBZ MONETARY POLICY 2021