World’s most aggressive central bank raises key rate to 200%

Zimbabwe’s lifts rate to record high and reintroduces US dollar to rein in surging inflation and stabilise tumbling exchange rate

03 July 2022 - 00:00

By Ray Ndlovu and Godfrey Marawanyika

Zimbabwe’s central bank raised interest rates to a record high and the government officially reintroduced the US dollar as legal currency to rein in surging inflation and stabilise the country’s tumbling exchange rate.

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