Zimbabwe: Inflation to slow down by 10%

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Zimbabwe’s annual inflation is expected to slow down to below 10 per cent by year-end.

The country’s Finance Minister, Mthuli Ncube said his expectations was based on the hope that the government would cut the budget deficit by half, and reduce money supply growth.

Ncube said economic reforms being pursued by treasury had started bearing fruit, with the government recording budget surpluses and increased revenues since November.

It would be recalled inflation rose to a 10-year high of 59.39 per cent year-on-year in February 2019 from 56.9 per cent in January.

Peace PIAK