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Home » ‘Interest rates hike won’t tame inflation’

‘Interest rates hike won’t tame inflation’

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THE upward review of overnight interest rates by the Reserve Bank of Zimbabwe (RBZ) will neither contain the spiralling inflation nor the rampaging foreign currency rates, but rather stem speculative borrowing, the Confederation of Zimbabwe Industries (CZI) has said.

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The RBZ this month increased overnight accommodation rates to 70 percent from 50 percent

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