INTERVIEW-Zimbabwe inflation seen below 4 pct end-2011

Zimbabwe’s inflation rate will fall below 4 percent by the end of 2011 and the country will launch a sovereign wealth fund next year to conserve mineral wealth for future generations, Zimbabwe’s finance minister said on Wednesday.

“At the end of 2011, inflation will be clearly under 4 percent,” Tendai Biti told Reuters in an interview on the sidelines of a conference.

“The cost of oil has been a major inflation driver.”

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