Zimbabwe: RBZ Warns Market to Brace for Liquidity Storms

THE Reserve Bank of Zimbabwe this week hiked the key accommodation rate as it swung the pendulum in its fight against inflation, warning the market to brace for a tighter monetary policy regime ahead of record TB maturities in the next two months.

But the central bank indicated it might not hike the treasury bill (TB) rate, saying its interest rates policy would be guided by the need to stabilise inflationary pressures wreaking havoc in the economy.

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