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Bank predicts inflation surge

    JOHANNESBURG

    Zimbabwe's Reserve Bank governor, Leonard Tsumba, said on Tuesday that average inflation was expected to rise to about 70 percent in 2001 from 55.7 percent last year, news reports said on Wednesday. "Deep-seated inflationary pressures persist (and) 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

    This article was produced by IRIN News while it was part of the United Nations Office for the Coordination of Humanitarian Affairs. Please send queries on copyright or liability to the UN. For more information: https://shop.un.org/rights-permissions

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