Zimbabwe annual inflation to fall by as much as 15 pct by end of year

Zimbabwe Reserve Bank Governor John Mangudya delivers his Monetory Policy Statement in Harare on February 20, 2019, where he announced the establishment of an interbank foreign exchange market in the country officially abandoning the 1:1 exchange rate between the USD and the country's quasi currency the Bond note.

Image: Jekesai NJIKIZANA / AFP Zimbabwe Reserve Bank Governor John Mangudya delivers his Monetory Policy Statement in Harare on February 20, 2019, where he announced the establishment of an interbank foreign exchange market in the country officially abandoning the 1:1 exchange rate between the USD and the country's quasi currency the Bond note.

Zimbabwe's average annual inflation should fall to between 10 and 15 percent after it reached its highest level in a decade in January, central bank governor John Mangudya said on Monday.

Year-on-year inflation accelerated to 56.9 percent in January from 42.09 percent in December, propelled by increases in the price of basic goods and beer.

Zimbabwe annual inflation to fall by as much as 15 pct by end of year - cenbank governor

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