Zimbabwe: RBZ Keeps Interest Rate At 35pc

18 February 2020

The Reserve Bank of Zimbabwe (RBZ) yesterday left the overnight accommodation rate unchanged at 35 percent, and forecast annual inflation to close the year at around 50 percent.

Presenting a bullish first half monetary policy statement, central bank governor, Dr John Mangudya said the stability of the rate, which was reduced from 70 percent last November, would help re-build confidence in the economy.

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