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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 Mangudya Shelton Sibanda Governor John Mangudya Financial Intelligence Unit Central Bank With World Highest Rates

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