Wednesday, February 28, 2024
HomenewsZimbabwe Holds Interest Rate Steady at 130%, Highest in Africa

Zimbabwe Holds Interest Rate Steady at 130%, Highest in Africa


Zimbabwe’s central bank left official interest rates unchanged after its first meeting since the adoption of a new inflation measure to reflect wider US dollar use in the economy.

The monetary policy committee held the key rate at 130%, according to a statement emailed on Monday from the capital, Harare. Zimbabwe has Africa’s highest interest rates and is second globally to Argentina, where the official rate is 133%.



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