Zimbabwe becomes second African nation to cut rates twice – DailyNews dailynews.co.zw - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailynews.co.zw Daily Mail and Mail on Sunday newspapers.
HARARE (Bloomberg) Zimbabwe’s central bank became the second in Africa, after Angola’s, to cut its key interest rate twice this year, as inflation is forecast to ease further. The monetary policy committee reduced the world’s highest benchmark interest rate to 140% from 150%, Governor John Mangudya said in an emailed statement on Thursday. That…