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No More Shock Announcements - Mangudya

No More Shock Announcements - Mangudya

Reserve Bank of Zimbabwe (RBZ) governor John Mangudya said that Zimbabweans should not expect new drastic measures when he presents his mid-term monetary policy statement.

The central bank chief is expected to present his statement soon, and on Tuesday, he told NewsDay that there will be no shock announcements. He said:

There is nothing spectacular, but it’s (mid-term, monetary policy statement) coming. It’s a matter of consolidation.

  • In May, the government suspended bank lending but later reversed the decree after an outcry.
  • In June, the RBZ hiked interest rates from 80% to 200%.
  • In July, RBZ introduced the Mosi-oa-Tunya gold coins

Finance and Economic Development ministry spokesperson Clive Mphambela said:

There are a series of measures put in place in the last eight weeks which have impacted positively on inflation.

As you can see, the parallel market which has been the key driver of inflation is very stable … As we speak, we can see stability which needs to be consolidated.

More: NewsDay

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8 Comments

factos becomes fekitosi 1 month ago

Is Parallel Market rate stable 😱😱😱😡😡😠😠😠😠😠 day dreamer


Fo di pipo 1 month ago

Zanu ine team nema sub yekubaa first 11 ikabudaa kopindazve imwe inotonzvenga worse mmmh


dispenser 1 month ago

poor economist hanzi inflation stable . when a single $ is already at a1000 rtgs


xoxo 1 month ago

hausisina chekutaurakaa


Day Dreamer 1 month ago

He should wake up before his coffee ☕ gets cold (ha ha stability 😂)


citizen 1 month ago

isai Mari kuma bank people are buying cash from the streets ,what kind of economics is this


Zelensky 1 month ago

Its actually a shock 😳,that he will announce a mid term, thought that he will say he would not be presenting it as he quits


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Chatunga 1 month ago

Haaa baba avo vanofunga kuti varikutaura nema ECD 🙄😴



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