Zimbabwe to maintain tight monetary stance during the next six months to December


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Zimbabwe’s central bank says it will maintain the current tight monetary policy stance during the six months to December and hopes that inflation will slow down to 60 to 70%.

It is expecting the economy to grow by 5.3% and month-on-month inflation to average 3%.

The central bank released its mid-term monetary policy statement today. 

Here are the highlights:

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Charles Rukuni
The Insider is a political and business bulletin about Zimbabwe, edited by Charles Rukuni. Founded in 1990, it was a printed 12-page subscription only newsletter until 2003 when Zimbabwe's hyper-inflation made it impossible to continue printing.

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