2022 MONETARY POLICY EXPECTED TO ANNOUNCE MEASURES FOR ECONOMIC STABILITY
Staff Reporter
Reserve Bank of Zimbabwe (RBZ) Governor Dr John Mangudya will soon present the 2022 monetary policy statement, with expectations that he will announce measures to sustain stability in the country’s foreign exchange.
The Monetary Policy Statement will be presented at a time when Government is implementing the National Development Strategy One to facilitate the growth of the economy by at least seven percent annually, boost spending power and consolidate currency reforms.
The central bank has also hinted on measures to increase domestic production of basic goods and exportable commodities to reduce pressures on foreign currency demand while increasing inflows.
The 2022 monetary policy will be announced any time from now and the general sentiment from captains of industry is centred on the need to rebuild stability in order to consolidate economic gains.
