HARARE (Reuters) – Zimbabwe’s central bank maintained its main policy rate at 60%, citing macroeconomic stability, governor John Mangudya said in a statement on Tuesday.
Although year-on-year inflation has come down from more than 800% in July last year, it remains above 50%, which has forced the central bank to keep rates higher.
(Reporting by MacDonald Dzirutwe; Editing by Olivia Kumwenda-Mtambo)
