Tag: Monetary Policy Statement
Business
RBZ Cuts Rate to 27.5% as ZiG Inflation Hits 45-Year Low
The Reserve Bank of Zimbabwe has cut its policy rate to 27.5% from 30%, saying inflation is now firmly anchored despite a spike in global oil prices. Governor John Mushayavanhu said annual ZiG inflation fell to 2.9% in August, its lowest since 1980, before edging up to 3.7% in September. “The increase largely reflected the