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RBZ pledges to safeguard single-digit inflation
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The Governor of the Reserve Bank of Zimbabwe, Dr John Mushayavanhu, has reaffirmed the country's commitment to sustaining low inflation, even as geopolitical developments in the Middle East threaten to drive up global fuel prices.
Speaking in Bulawayo during the presentation of the 2026 Monetary Policy Statement and the launch of upgraded Big 5 ZiG banknotes, Dr Mushayavanhu highlighted Zimbabwe's recent economic achievements.
"The economy has witnessed a progressive disinflation trend, with annual ZiG inflation declining from a peak of 95.8 percent in July 2025 to 4.1 percent in January 2026," he said. "The decline to single-digit inflation is a milestone achieved for the first time in over 30 years, providing critical stability for the domestic currency."
The Governor noted that while escalating tensions in the Middle East could put upward pressure on international oil markets, Zimbabwe's monetary authorities are determined to safeguard economic stability through prudent monetary and complementary fiscal policy measures.
Looking forward, Dr Mushayavanhu projected that annual ZiG inflation will remain within single digits, supported by continued policy discipline and strategic interventions to shield the economy from external shocks.
The statement underscores the RBZ's focus on preserving the purchasing power of citizens and maintaining confidence in the local currency despite global uncertainties.
Speaking in Bulawayo during the presentation of the 2026 Monetary Policy Statement and the launch of upgraded Big 5 ZiG banknotes, Dr Mushayavanhu highlighted Zimbabwe's recent economic achievements.
"The economy has witnessed a progressive disinflation trend, with annual ZiG inflation declining from a peak of 95.8 percent in July 2025 to 4.1 percent in January 2026," he said. "The decline to single-digit inflation is a milestone achieved for the first time in over 30 years, providing critical stability for the domestic currency."
The Governor noted that while escalating tensions in the Middle East could put upward pressure on international oil markets, Zimbabwe's monetary authorities are determined to safeguard economic stability through prudent monetary and complementary fiscal policy measures.
Looking forward, Dr Mushayavanhu projected that annual ZiG inflation will remain within single digits, supported by continued policy discipline and strategic interventions to shield the economy from external shocks.
The statement underscores the RBZ's focus on preserving the purchasing power of citizens and maintaining confidence in the local currency despite global uncertainties.
Source - the herald
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