Zimbabwe central bank says banking lending freeze is temporary.

M2 EQUITYBITES-May 11, 2022--Zimbabwe central bank says banking lending freeze is temporary

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Global Banking News - 11 May 2022

The Zimbabwe central bank has said that its freeze on bank lending is temporary measure aimed at containing inflation, Reuters has reported.

When the freeze was announced, the central bank had said that it was meant to stop speculation against the Zimbabwean dollar. The bank said that it had to resort to the move because funds borrowed from banks were being used by some...

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