Zimbabwe: FBC Blames Tight Policy for Choking Transaction Volumes

LISTED financial powerhouse, FBC Bank, has blamed the tight policy measures employed by the Central Bank for significantly choking transaction volumes at the institution.

The Reserve Bank of Zimbabwe (RBZ) pledged to maintain a tight monetary policy stance throughout the year to stabilise its newly introduced currency by keeping the key interest rates at 35%. A tight grip on liquidity has also been maintained since then.

Presenting a trading update for the quarter ended March 31 2025, FBC group…