South Sudan central bank announces sharp fall in inflation rate
IMF credits exchange rate reforms with taming prices, while central bank cuts interest rates
The Bank of South Sudan announced “a significant decline in the annual inflation rate” on January 11. A report from the International Monetary Fund also said that the country’s inflation had fallen significantly, crediting the impact of exchange rate reforms.
In a statement of its policy for the coming year, the central bank said that “annual headline inflation” was 13.2% in December 2021, down from 58% in December 2020.
The central bank said it was targeting 8% inflation, with a tolerance of
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