Wary of Global Tensions, Zimbabwe Holds Interest Rates at 35%
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Wary of Global Tensions, Zimbabwe Holds Interest Rates at 35%
John Mushayavanhu, governor of Zimbabwe’s central bankPhotographer: Cynthia R Matonhodze/Bloomberg Zimbabwe’s central bank has left its bank policy rate unchanged at 35% due to global tensions and uncertainty. Despite the uncertain global environment, the bank still expects 6% growth in the domestic economy this year, driven by strong agricultural performance. The bank’s tight monetary policy stance has helped stabilize the Zimbabwe Gold (ZiG) …
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