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Home » Borrowing costs burden business

Borrowing costs burden business

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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.

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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.

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