Zimbabwe hikes interest rate by 200 percent to tackle soaring inflation

Zimbabwe's central bank has raised its key interest rate to a record high of 200 percent. The increase is an attempt to tame inflation that is running at more than 190 percent. It is piling pressure on people already struggling with shortages of essential goods and price increases.

Al Jazeera's Haru Mutasa has more from Harare, Zimbabwe.

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