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*Inflation To Drop 15% By Year End - RBZ* *Follow Pindula on WhatsApp for daily new updates* https://whatsapp.com/channel/0029Va84dngJP21B2nWeyM3v?dn The Reserve Bank of Zimbabwe (RBZ) projects inflation to fall considerably to less than 15% this December. According to government statistics agency ZimStat, inflation was at 59,4% in February. ---------- *HOT DEALS:* *itel A70 - (128GB, 3GB RAM) $89,* *itel A70 - (256GB, 4GB RAM) $99* *itel P40 (128GB, 4GB), (6000mAh) $99* *itel P40 (64GB, 4G), (6000mAh) $93* *LATEST: itel S24 (128) $124; S24 (256GB) $159* Cash on Delivery in Harare & Bulawayo. Tinotumira kwamuri inosvika. WhatsApp: 0️⃣7️⃣8️⃣3️⃣ 4️⃣5️⃣0️⃣ 7️⃣9️⃣3️⃣ ---------- The expected decline in the rate of inflation was revealed by RBZ deputy director for economic research division Nebson Mupunga on Thursday. He said: > We will pin down inflation to go down 15% by year-end. We will ensure that we control the money supply. > Broad money supply growth peaked at 47,5% in July 2018 and decelerated to 23,7% by December 2018. If the decline in money supply growth is sustained, inflation will stabilise. > The fiscal consolidation and austerity measures being implemented by the government create a conducive environment for monetary policy to focus on the core objective of price and financial stability, including a stable and predictable exchange rate. So this complementarity will make the economy move forward. In the past few years, inflation was being driven by the creation of money by the RBZ through the real-time gross settlement (RTGS) balances. *Related:* *Zimbabwe’s Rate Of Inflation To Drop By October 2019 – Mthuli Ncube* *Bond Note Did Not Lose Value, Inflation Increased- Mangudya* *Zim’s Annual Inflation Rate Is 279% – Steve Hanke* *More: Newsday* _If you found this article useful_ *Please support Pindula by forwarding to friends and groups*
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