Published 2 years ago

Zimbabwe central bank raises key rate to 200% amid rising inflation

Summary by Ground News

Monetary authorities in hyperinflation-stricken Zimbabwe reportedly plan to hike the benchmark interest rate to 200% per annum. In addition, the central bank said it will introduce gold coins which will act as an instrument that will enable investors to store value. The country's inflation rate now stands at 191.6%.

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Business Standard

Zimbabwe central bank raises key rate to 200% amid rising inflation

The monetary policy committee more than doubled the key rate to 200% from 80%, Governor John Mangudya said in a statement on Monday

2 years ago·India

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Bisnis.com

World's Most Aggressive Policy! Zimbabwe Central Bank Tackles Interest Rates to 200 Percent

Zimbabwe's Central Bank took the most aggressive policy along with skyrocketing inflation in the country.

2 years ago

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ARY News

Zimbabwe central bank hikes interest rate to 200%

Zimbabwe's central bank on Monday more than doubled its key interest rate to a whopping 200 percent, the highest in the world as the southern African

2 years ago·Pakistan

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Zimbabwe shock raises key interest rate

Zimbabwe's central bank is raising the key rate to 200 percent, the highest rate in the world, since the country once again suffered severe economic crisis and hyperinflation.

2 years ago·Falkenberg, Sweden

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TheCable

Zimbabwe’s central bank raises interest rate to 200% amid rising prices

The Reserve Bank of Zimbabwe (RBZ), the country's central bank, has raised its benchmark interest rate from 80 percent to 200 percent, citing spiraling inflationary pressures amid rising food and fuel prices.

2 years ago·Abuja, Nigeria

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