Inflation to fall below 55%: RBZ

THE Reserve Bank of Zimbabwe (RBZ) says it is targeting a slide in the  annual inflation to below 55% by July this year, underpinned by its disinflationary strategy that has been credited for calming market volatilities in the past year.

Annual inflation slowed to 194% last month from 240% in March, official data showed last week.

Authorities have failed to explain how the rate has been tapering off in the midst of a wave of price hikes and exchange volatilities that have continued on the parallel market since January.

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