A GLOBAL think-tank has forecast that the Reserve Bank of Zimbabwe (RBZ) will make a series of rate cuts from next year, as inflation is seen moderating further.
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The central bank has over the past 12 months kept the accommodation rate — the interest at which depository institutions lend or borrow funds among themselves — at between 30 and 40 percent in line with high inflation, which has averaged over 100 percent during the period.
But Zimbabwe’s inflation has fallen from a peak of 838 percent last July to 50 percent last month and is expected to decline further on the back of sustained stability in the e
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