Africa
ZIMBABWE’S annual inflation is expected to slow down to below 10 per cent by year-end, Finance Minister Mthuli Ncube said on Tuesday.
Ncube based his expectations on the hope that the government would cut the budget deficit by half, and reduce money supply growth.
Inflation rose to a 10-year high of 59.39 per cent year-on-year in February from 56.9 per cent in January.
Ncube said economic reforms being pursued by treasury had started bearing fruit, with the government recording budget surpluses and increased revenues since November.
-NAN
BE
– Mar. 19, 2019 @ 16:30 GMT /
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