Local banks have slashed interest rates by more than 10 percentage points in line with an agreement struck with the Reserve Bank of Zimbabwe  (RBZ) to reduce the prohibitive cost of money in the economy[button link=”http://www.chronicle.co.zw/banks-slash-interest-rates/” color=”default” size=”” type=”” shape=”” target=”_blank” title=”” gradient_colors=”|” gradient_hover_colors=”|” accent_color=”” accent_hover_color=”” bevel_color=”” border_width=”1px” shadow=”” icon=”” icon_divider=”yes” icon_position=”left” modal=”” animation_type=”0″ animation_direction=”down” animation_speed=”0.1″ alignment=”left” class=”” id=””]click here for more info[/button]