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*RBZ Hikes Interest Rates Again* *Follow Pindula on WhatsApp for daily new updates* https://whatsapp.com/channel/0029Va84dngJP21B2nWeyM3v?lq The Reserve Bank of Zimbabwe (RBZ) on Friday 13 September hiked its overnight lending rate from 50% to a record high 70%. The central bank had on the 24th of June this year raised the interest rates from a record low of 15% in March to 50% following the introduction of Statutory Instrument (SI) 142 of 2019 which outlawed the use of all foreign currencies for domestic transactions. ---------- itel A70 256GB $99USD WhatsApp: https://wa.me/+263715068543 Calls: 0772464000 ---------- The SI also reintroduced the Zimbabwe dollar the country had ditched a decade ago following a record high hyperinflation. More: Trading Economics; _If you found this article useful_ *Please support Pindula by forwarding to friends and groups*
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