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Rates round-up: Zimbabwe cuts policy rate to 150%
Azerbaijan raises rates 25bp; Qatar bucks Gulf trend; and more
![Reserve Bank of Zimbabwe Reserve Bank of Zimbabwe](/sites/default/files/styles/landscape_750_463/public/2019-02/4813483200_70b9279184_o.png.webp?h=d68dce70&itok=XyDoGdDr)
Zimbabwe: The Reserve Bank of Zimbabwe cut its extraordinarily high policy rate on February 2 by 50 percentage points to 150%.
This is the first time at the Zimbabwean central bank has changed rates since June, when it increased its policy rate by 120pp to 200%. It also began selling gold coins to the public in a bid to stabilise the currency.
The cut appears to be a response to a reduction in inflation. According to official statistics, headline inflation had fallen to 230% in January, down
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