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Home » High inflation ‘to negate’ interest rate adjustment

High inflation ‘to negate’ interest rate adjustment

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AN EXPECTED interest rate adjustment on short-term tenors in Zimbabwe is unlikely to have the desired effect of curbing speculative borrowing because of the country’s high inflation, an analyst has said. As part of a slew of measures meant to stabilise the Zimbabwe dollar, minister of Finance, Mthuli Ncube, last week announced that interest rates…

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