Wednesday, May 27, 2009
Tanzania Sees Inflation Easing To 6 pct By June 2010
DAR ES SALAAM (Reuters) - Tanzania's central bank said on Wednesday it sees inflation easing to 11 percent next month and falling further to 6 percent by June 2010.
"The target now considering the global financial and economic crisis is that inflation rate will continue to fall from 12 percent in April to 11 percent in June and to 6 percent in June 2010," a central bank presentation showed.
"The big challenge going forward will be to slow the rate of inflation to the medium term target of 5 percent," the presentation to a parliamentary committee on finance and economics said.