Monetary Policy Statement from the Reserve Bank of Zimbabwe

THE Reserve Bank of Zimbabwe (RBZ) governor, Dr John Mangudya today presented his 2017 Monetary Policy Statement (MPS) largely expected to give impetus to an economy that has continued to face mounting challenges.

The policy statement comes at a time when the country is grappling with a worsening liquidity crunch, debt distress, unreliable power supplies, falling global commodity prices that have hurt the mining industry which Government has identified as a key sector to drive Zimbabwe's economic growth, corruption, lack of transparency, low capacity utilisation in industries and lack of competitiveness for locally manufactured products.

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