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Zimbabwe central bank keeps main policy rate at 60%

Citing macroeconomic stability.
Image: Waldo Swiegers/Bloomberg

Zimbabwe’s central bank maintained its main policy rate at 60%, citing macroeconomic stability, governor John Mangudya said in a statement on Tuesday.

Although year-on-year inflation has come down from more than 800% in July last year, it remains above 50%, which has forced the central bank to keep rates higher.

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