Zimbabwe: After Introducing a New Currency, Zimbabwe’s Central Bank Projects 5% Annual Inflation By Year-End

THE Reserve Bank of Zimbabwe (RBZ) has projected annual inflation to recede to just 5% by year-end on the back of the stable Zimbabwe Gold (ZiG) currency and exchange rate stability prompted by the tight Monetary Policy Stance (MPS).

In an update Thursday, RBZ governor, John Mushayavanhu said the Monetary Policy Committee (MPC) met on 26 June 2024 to assess the performance of the MPS measures announced on the 5th of April 2024 and deliberated on recent macroeconomic and financial developments in…