ZIMBABWE National Chamber of Commerce (ZNCC) president Mike Kamungeremu says the Reserve Bank of Zimbabwe (RBZ) should lower interest rates, after a recent hike, which he fears will kill business.
The central bank raised interest rates to 200 percent from 80 percent to discourage speculative borrowing and contain high inflation, which has been feeding into currency depreciation.
Subscribe to The Financial Gazette
This is premium content. Subscribe to read article.