Interest rates ‘still too high’

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ANALYSTS say Zimbabwe’s interest rates are still too high after the central bank reduced the policy rate from 150 percent to 140 percent.
The country’s borrowing rates were raised last year to curb speculative borrowing, which the bank said was encouraged by sub-inflationary rates and stocking inflation.
The policy rate, which acts as a baseline for interest rates in the economy, was initially raised to 200 percent before being reduced to 150 percent after inflation fell slightly.