Zimbabwe's Budget Plans Open Door for Growth but Only If High Interest Rates Don't Derail Them

Zimbabwe's Budget Plans Open Door for Growth but Only If High Interest Rates Don't Derail Them TC_Africa: Zimbabwe

These signs offer some cause for cautious optimism, though risks remain that can upend the downward trend in world food prices. Disruption of the

amid war in Ukraine and adverse supply shocks to global commodity markets are among the key potential risks.Elevated interest rates from monetary policy tightening trigger a jump in the cost of borrowing for businesses.

Higher borrowing costs also pushed down spending by households, adding to the disquiet over inflation and collapsing living standards. A barring health workers from going on strike for an extended period of time underscores how the government is choosing to react to the cost-of-living squeeze on household budgets.Get the latest in African news delivered straight to your inbox

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