Zimbabwe's central bank maintains 35% interest rate, highest in Africa, amid inflation fears.

Zimbabwe's central bank has kept interest rates at 35%, the highest in Africa, to control inflation expectations. The decision follows a 40% devaluation of the new Zimbabwe Gold currency in September, which initially led to a sharp rise in inflation. Despite the central bank's efforts, economists remain skeptical about the government's optimistic forecasts for lower inflation and economic growth in 2025.

4 months ago
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