Zimbabwe
Zimbabwe's central bank says it has raised its main policy rate from 60 percent to a record 80 percent in an attempt to contain inflation
The interest rate is currently the highest in the world and at an all-time record for the southern African country, according to the financial agency Bloomberg.
The country's runaway inflation fueled by the war in Ukraine and soaring commodity prices reached 72.7% in March, up from 66.11% a month earlier.
In a statement on Monday, the southern African nation's central bank said rising oil, gas and fertilizer prices were "inevitably having a negative impact on production costs" and "destabilizing the foreign exchange market".
Zimbabwe's economy has been in deep crisis for more than 20 years, with international donors withdrawing because of unsustainable debt.
The rise in the price of basic commodities has recently been aggravated by the conflict in Ukraine, while Russia is the country's main supplier of wheat.
Go to video
Putin hosts talks with African leaders on security
11:14
Power Play or Partnership? America’s Strategy in Africa [Business Africa]
02:04
Kyiv residents react after Ukraine and the US sign a mineral deal
Go to video
IMF: Global uncertainty weighing on MENA economies
Go to video
US, Ukraine sign minerals deal after Kiev agrees to pay for war support
Go to video
Harare City Council says bedbug infestation confined to only one locality