Finance Minister Mthuli Ncube predicted that Zimbabwe inflation would remain high until September and would start declining after that.
Last week he said that month-on-month inflation would drop to 3% by the end of the year and annual inflation to less than 100% next year.
The government has introduced a number of measures to curb inflation and to shore up the local currency.
The measures include the introduction of gold coins, the hiking of the key interest rate and a clampdown on suppliers who were milking the government by overpricing their goods and services.
(93 VIEWS)
This post was last modified on September 26, 2022 2:43 pm
Zimbabweans will soon be able to change their ZiG to United States dollars and vice-versa…
Senator Sengezo Tshabangu yesterday expressed dismay at the pace at which the government is constructing…
Zimbabwe has ordered providers of goods and services to use the official exchange rate or…
Zimbabwe is going to introduce legislation which ensures that the country uses one exchange rate…
The role of social media on how people get their news in Zimbabwe is being…
Ten African countries are amongst the biggest debtors to China, but Zimbabwe is not among…