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Inflation Is Spiking in Zimbabwe (Again). Why High-Interest Rates Aren’t the Answer
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Jonathan Munemo, Professor of Economics, Salisbury University._____The central bank of Zimbabwe has raised its benchmark rate from 80% to a fresh record of 200%.
This increase comes as Russia’s invasion of Ukraine is driving global commodity prices higher, exacerbating inflation in many countries around the world, including Zimbabwe.
Read more on cryptonews.comAbout this in other media
Bank of England will probably need to raise rates again, says deputy governor theguardian.com /1 week ago
Why do central banks raise interest rates to curb inflation? euronews.com /1 week ago
Soaring Inflation Puts Central Banks on a Difficult Journey cryptonews.com /1 week ago
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