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Zimbabwe desperate to clip soaring inflation’s wings

It is planning a triple-digit interest rate hike to tame inflation. The revised inflation outlook is now 160%

27 June 2022 - 20:38 By Ray Ndlovu

Zimbabwe’s central bank plans to more than double the benchmark interest rate — already the highest in the world — to 190%, a member of its monetary policymaking committee said, as it seeks to put a brake on soaring inflation...

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