Business / Economy
RBZ to unveil 2015 monetary policy next week
08 Feb 2015 at 10:10hrs | Views
Reserve Bank of Zimbabwe governor John Mangudya will next week present his long-awaited monetary policy statement for 2015 that is expected to outline measures to improve financial sector stability and liquidity in the economy, APA learnt here Saturday.
Mangudya said the actual date of the policy presentation was awaiting confirmation by Finance Minister Patrick Chinamasa but was tentatively set for February 11 or 12.
The policy statement is expected to address concerns about the recently introduced bond coins that were introduced in December 2014 to alleviate challenges of lack of small change.
The coins have however met with resistance from consumers and retailers who refuse to accept them as currency.
Mangudya is also expected to outline measures to ensure stability of the financial sector in the wake of revelations that at least four banks are on the verge of collapse.
Mangudya said the actual date of the policy presentation was awaiting confirmation by Finance Minister Patrick Chinamasa but was tentatively set for February 11 or 12.
The coins have however met with resistance from consumers and retailers who refuse to accept them as currency.
Mangudya is also expected to outline measures to ensure stability of the financial sector in the wake of revelations that at least four banks are on the verge of collapse.
Source - APA
