Zimbabwe's central bank said on Thursday that its monetary policy rate had been kept unchanged at 35%. Spurred by food and housing prices, Zimbabwe's inflation rose sharply in January in both U.S.

The MPC announced its decision to reduce the repo rate by 25 basis points, much to the relief of South Africans.

Zimbabwe’s monthly inflation rate returned to double digits for the first time in two months, despite a liquidity crunch that’s hurt investors and curbed lending by banks. Consumer prices in ...