Zimbabwe plans to hike benchmark interest rate to 190% to tame inflation | Fin24

Zimbabwe’s central bank plans to more than double the benchmark interest rate - already the highest in the world - to 190%, a member of its monetary policymaking committee said, as it seeks to put a brake on soaring inflation.

The plan for a record hike in interest rates is among measures the government is expected to announce during the weekend, he said. President Emmerson Mnangagwa has said his government will unveil steps to curb inflation and the surging price of basic commodities, without providing further details. The MPC held its latest meeting on Friday, according to a schedule posted on the central bank’s website.

Fin24 Just stop printing money my dudes

Fin24 This is what happens when you get to power through Revolution and not evolution.

Fin24 Does free land increase inflation

Fin24 You get what you vote for.🤣🤣🤣🤣🤣🤣🤣

Fin24 What a vicious cycle... Increasing the cause in the hope of cancelling the effect.

Fin24 Tell me again how expropriation without compensation is good for the people...

Fin24 Look out South Africa

Fin24 Zimbabwe turned out to be such a huge success under black rule it really should be a benchmark for other black ruled countries to show what the future holds ....PS happy load shedding

Fin24 Joke country.

Fin24 So the Mugabe experiment has certainly gone a bit pear-shaped? 🤔

Fin24 Lol... They must just forget about money this ones and go back to the old days ways of living exchanging products

Fin24 Kanti are they still using Zim dollar not the US dollar?

Fin24 What is so wrong with Zimbabwean economy it can never be fixed

Fin24 Viva Comrades and Cadres

Fin24 Just delete Zimbabwe

Fin24 What % now ?

Fin24 SA firms and corporations are benefiting big time since Zim is in a crisis. Remove the sanctions and allow free trade

Fin24 M afraid this is a failed state Quite sad it has come to this

Fin24 I Zim doesn't qualify as a country anymore!

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