MONEY market investments are likely to deliver the least returns of all asset classes in Zimbabwe this year, as short-term rates are expected to continue to lag behind inflation, a local research firm has said.
Rates for 30 to 180-day instruments have been ranging between 20 and 25 percent per annum, whereas year-on-year inflation was reported by the Zimbabwe National Statistics Agency at 321,59 percent for February.
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And while Treasury expects inflation to “drastically” slow down this year, it is projecting an annual average of 135 percent.
“The current interest rates (on money market investments) offer sub-inflation returns,” Akribos Research Services (Akribos) said recently in
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