RBZ maintains rates despite surging inflation
...Says gold coins uptake to buttress tight monetary policy stance
BUSINESS REPORTER The Reserve Bank of Zimbabwe (RBZ) has maintained the bank policy rate at 200% per annum despite a surge in annual inflation which reached 256.9% in July. The bank policy rate had been hiked in June to 200% from 80% to curb speculative borrowing after annual inflation reached 191.7% in the month. In…
