Rates round-up: Zimbabwe cuts policy rate to 150%

Reserve Bank of Zimbabwe
Harare skyline, including the Reserve Bank of Zimbabwe tower in the centre
Photo: Baynham Goredema/Flickr

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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