Zimbabwean rates hit 70% as inflation remains in triple digits
The Reserve Bank of Zimbabwe has made a further major rate hike, having already pushed up the policy rate sharply in June to tackle surging inflation.
On September 13, governor John Mangudya unveiled a 20 percentage-point hike, bringing the overnight bank rate to 70%. In June, the RBZ hiked the rate from 15% to 50%.
Since Zimbabwe abandoned its increasingly untenable dollar peg in February, the national currency has fallen sharply, contributing to a rapid rise in inflation.
Month-on-month
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe
You are currently unable to print this content. Please contact [email protected] to find out more.
You are currently unable to copy this content. Please contact [email protected] to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
More on Monetary policy decisions
Latest issue
