Economics
Zimbabwe Sees Annual Inflation Dropping Tenfold in 12 Months
- Inflation could slow to 50% by year-end, central bank says
- Statistics office will resume releasing annual date from March
Photographer: Dan Kitwood/Getty Images
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Zimbabwe’s government gave the first glimpse of where it sees annual inflation going since suspending the publication of year-on-year data after price growth hit 176% in June.
“Monetary discipline and an efficient foreign-exchange market” will help to anchor the country’s disinflation program and see year-on-year inflation coming down to 50% by the end of December 2020, central bank Governor John Mangudya said in a monetary policy statement on Monday.