The central bank’s monetary policy committee reduced the rate to 140% from 150%
Zimbabwe’s central bank became the second in Africa, after Angola’s, to cut its key interest rate twice so far in 2023, as inflation is forecast to ease further.
The monetary policy committee reduced the world’s highest benchmark interest rate to 140% from 150%, governor John Mangudya said on Thursday. That follows a 5,000 basis point cut in February...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and TimesLive Premium.
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Zimbabwe becomes second African nation to cut rates twice in 2023The monetary policy committee reduced the world’s highest benchmark interest rate to 140% from 150%, Governor JohnMangudya said in an emailed statement on Thursday. That follows a 5000 basis point cut in February. Moneyweb RepoRate
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