RBZ tightens money supply controls

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THE Reserve Bank of Zimbabwe (RBZ) is reducing its quarterly reserve money growth target from 20 percent to 10 percent in response to resurgent inflationary pressures in the economy.
Following a period of sustained stability in Zimbabwe, which saw inflation falling from a peak of 838 percent last July to 50 percent in August this year, it increased to 52 percent in September and again to 54 percent last month.