Tag: Inflation
Business
ZiG Inflation Edges Up to 4.3% in October On Fuel Price Hikes
Zimbabwe's ZiG year-on-year inflation rose to 4.3% in October from 3.7% in September, pushed up by higher fuel and transport costs, ZIMSTAT reported on Tuesday.
Business
RBZ Cuts Rate to 27.5% as ZiG Inflation Hits 45-Year Low
The Reserve Bank of Zimbabwe has cut its policy rate to 27.5% from 30%, saying inflation is now firmly anchored despite a spike in global oil prices. Governor John Mushayavanhu said annual ZiG inflation fell to 2.9% in August, its lowest since 1980, before edging up to 3.7% in September. “The increase largely reflected the
Business
RBZ Celebrates Single Digit ZiG Inflation
Mushayavanhu added that companies should now have no issues in accepting local currency.