The rate of increase in prices has largely been driven by a widening parallel market rate. However, a recent meeting between the Government, RBZ and business on October 11, 2021 has helped stabilise the parallel market exchange rate. RBZ governor Dr John Mangudya is confident stability would anc...
Mlambo said on a good note, inflation had significantly fallen from a peak level of 837,5% in July 2020 to 194% in April 2021, and was expected to fall below 55% by July 2021. He said in order to improve the investment climate; Zimbabwe needed to further improve its ease of doing bu...
Inflation fell steeply in the first half of the year, from around 363 percent year on year in January to 56 percent in July, before stabilising above 50 percent in August and September. "Developments on the parallel market for foreign exchange are likely to exert further inflationary pressures ...