Zimbabwe cuts rates first globally after US-Iran peace deal
Bloomberg Zimbabwe’s central bank became the first in the world to cut interest rates after the US and Iran said they reached an interim peace deal to reopen the Strait of Hormuz, an announcement that drove down oil prices. The monetary policy committee lowered the benchmark interest rate to 30% from 35%, Governor John Mushayavanhu […] The post Zimbabwe cuts rates first globally after US-Iran peace deal appeared first on NewZimbabwe.com.
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