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Zimbabwe becomes second African nation to cut rates twice – DailyNews

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.

John mangudyaShelton sibandaFinancial intelligence unitCentral bank with worldHighest ratesRetain oldImara asset management

Zimbabwe Becomes Second African Nation to Cut Rates Twice in 2023

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…

John mangudyaShelton sibandaGovernor john mangudyaFinancial intelligence unitCentral bank with worldHighest ratesRetain oldImara asset management