Zimbabwe inflation surges to 70%

Reserve Bank of Zimbabwe governor Leonard Tsumba said this week average inflation was expected to rise to about 70 percent in 2001 from 55.7 percent in 2000, further threatening the fragile economy.

"Deep-seated inflationary pressures persist (and) current estimates indicate that overall inflation will rise to average above 70 percent this year," Tsumba said in a briefing to journalists, economists and business leaders.

High inflation levels had led to high nominal interest rates with serious

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.