Sharp fall in Zimbabwe’s inflation
….as tight monetary policy takes hold
LIVINGSTONE MARUFU Zimbabwe’s annual inflation in the ZiG (ZWG) currency plunged by 50 percentage points to 32.7% in October, from a peak of 82.7% in September, marking one of the sharpest slowdowns in recent years. The steep decline underscores the impact of the Reserve Bank of Zimbabwe’s (RBZ) tight monetary stance, which has sharply curtailed money supply to stabilise the local…
