Inflation Is Spiking in Zimbabwe (Again). Why High-Interest Rates Aren’t the Answer

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Inflation Is Spiking in Zimbabwe (Again). Why High-Interest Rates Aren’t the Answer

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. ...
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