ZIMBABWE CENTRAL BANK SUSTAINS LENDING RATE AT 35% AS PRICE-GROWTH SLOWS

Zimbabwe’s central bank on Monday left its benchmark lending rate unchanged at 35%, citing moderating inflation as the regulator looked to introduce more local currency and limit the flood of foreign tender.

The government last year suspended publication of annual inflation data, but economic analysts say the figure reached 525% in December.

Governor John Mangudya said he saw annual price-growth dipping below 50% by year-end.

Reuters

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