Bloomberg
Nasreen Seria
HARARE — Zimbabwe’s economy contracted for the ninth consecutive year last year and inflation accelerated to a record 26471% in November, the highest in the world, central bank governor Gideon Gono said yesterday.
The Reserve Bank of Zimbabwe raised its benchmark overnight lending rate to 1200% yesterday from 975% to help curb inflation, Gono said in an e-mailed copy of his monetary policy statement.
http://www.businessday.co.za/articles/topstories.aspx?ID=BD4A696570
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