Advertisements
Home » Government cuts central bank borrowings

Government cuts central bank borrowings

0 comments

 

RESERVE Bank of Zimbabwe (RBZ) governor John Mangudya says the government is beginning to wean itself off central bank financing, as it has not borrowed any money from the apex bank since last year.
Over the years, the government has been financing its deficit through borrowing from the RBZ and often overrunning the 20 percent limit prescribed by the Reserve Bank Act.

Advertisements

Subscribe to The Financial Gazette

This is premium content. Subscribe to read article.

Subscribe Today

Gain access to all articles. Subscribe Today.
Advertisements

Leave a Comment

Advertisements

The Financial Gazette It is southern Africa’s leading business and political newspaper well known for its in-depth and authoritative reportage anchored on providing timely, accurate, fair and balanced news.

Newsletters

Subscribe to The Financial Gazette newsletter for financial & business news worth reading. Let's stay updated!

©2024 The Financial Gazette. A Media Company – All Right Reserved. Designed and Developed by Innovura
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More