RBZ raises bank policy rate to 150% as inflation rises
…Liberalises forex trading
BUSINESS REPORTER The Reserve Bank of Zimbabwe (RBZ) has raised the bank policy rate to 150% per annum from 140% among a cocktail of measures to stem a rise in inflation and protect the country’s weakening currency. Annual inflation, which has been heading south over the months, bucked the trend in May, rising to 86.5%…
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