Zimbabwe raised salaries for government workers by 50% on Wednesday, hours after nurses stopped work at a major government hospital in the capital Harare, demanding to be paid in dollars because of soaring inflation.
Sudan began talks this week with the International Monetary Fund (IMF) on a non-funded programme that could pave the way for international financial support, Finance Minister Ibrahim Elbadawi said.
Zimbabwe’s central bank left its benchmark interest rate at 35% on Monday, citing moderating inflation, as it looks to print more local currency and limit the use of foreign currencies.
Sudan’s annual inflation rate hit 64.28% in January, from 57.01% in December, due to rising food and drink prices, the state statistics agency said on Thursday.
Economist Matlhodi Matsei says the Reserve Bank’s Monetary Policy’s decision to leave the repo rate unchanged at 6.5% comes as no surprise.