Op-Ed: This is how Zimbabwe has changed since I became president: Emmerson Mnangagwa
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Category: Zanu PF
Zimbabwe Central Bank Reverses Policy and Halves Key Rate to 35%
Zimbabwe’s central bank halved its key interest rate to 35%, joining the finance ministry in efforts to revive an economy hobbled by years of mismanagement.
The decision reverses a move by the southern African nation’s newly formed Monetary Policy Committee in September that raised the rate from 50%. It follows the unveiling last week of the 2020 budget which shows a planned surge in spending for next year.
