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RBZ Governor Mangudya To Present Monetary Policy Statement On Tuesday

RBZ Governor Mangudya To Present Monetary Policy Statement On Tuesday

Reserve Bank of Zimbabwe (RBZ) Governor, Dr John Mangudya, is expected to present the Monetary Policy Statement (MPS) on Tuesday this week.

He will be expected to announce measures to further curb inflationary pressures and stabilise the exchange rate.

Inflation has threatened to rear its ugly head again owing to the continued loss of the local currency on the parallel market, which has negative pass-through effects. Mangudya told The Sunday Mail Business in an interview last week:

Most of the measures will be contained in the monetary policy to be presented before February 8, 2021, which is Tuesday next week (this week).

He said the central bank was maintaining a “strict monetary targeting framework” and will introduce more measures to manage liquidity to prevent inflation and exchange rate volatility.

Latest statistics from the central bank indicate that reserve money for the week to January 14, 2022, increased by just over $27 billion. 

Following the introduction of the RBZ forex auction system, the Zimbabwe dollar stabilised but eventually lost significant value since it began being floated in February 2019.

The local unit now trades around $220-$240/US1 on the black market and $116/US$1 on the weekly foreign currency auction.

More: The Sunday Mail


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7 Comments

Tkt 3 months ago

@Chief you are an abosulte LIER and AFRAID of myself who happens to be a NOTHING! What about those that are something?

Mina angila skhathi soku ncenga umuntu,

on CRITICIZING ALLEGATIONS, ngokwakho lokho bcoz this all came after you criticized me! vele on this platform its been a WAR of POLITICAL PARTIES,

HONESTLY I DONT HAVE TIME TO MIX, JOIN OR MINGLE with a funny grouping of POLITICAL FUNDIS who lack BASIC AND ABSOLUTE LEADERSHIP SKILLS like the small party you want me to support,
--- group of individuals who are driven by vindictiveness to subvert and undermine the will of the people NEVER

uku wondlwa kwakho nguCol R.J, your being trained in RUSSIA, family being Guarded, free education or whatever, i dont give a damn and never afraid of anyone KHULU, BABA, BRA OR MFANAMI. DONT ATTEMPT TO THREATEN ME, thats all your own paste to bake

You said you wanted my number i gave you iya sebenza leyo namba baba but bcoz you wanted to check me first on ECOCASH then WHATSAPP you HIT a BRICK WALL, on calls it works perfectly so DONT LIE ukuthi inamba yami ayi sebenzi


🤨🤨 3 months ago

Ana tkt musakwatise vanhu vanhu pano imi ndepenyu her pa platform pano kwanai imi ndeyema hara iyi

Bko 3 months ago

Une ngozi

Bko 3 months ago

Ukat haupengi hre

Makelanwi 3 months ago

Obvious tichanzwa manon-existance achievements.Check the difference between black Market rate:$240-$116=$124.Ndopaunona kuti Mr Nostro vakaremerwa neNjuga;nxaaa🐕🐮🐮🐮


Sponono 3 months ago

Problem yacho inotangira kumusoro ikoko who is financing the black market. I'm sure there are some gvt officials whom are financing the black market


Manikiniki 3 months ago

Monetary policies that benefit the corrupt elite as ussual nxaa!!



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