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*No More Shock Announcements - Mangudya* *Follow Pindula on WhatsApp for daily new updates* https://whatsapp.com/channel/0029Va84dngJP21B2nWeyM3v?zw 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: ---------- Latest itel S24 available on Pindula: 128GB storage, 4GB RAM $119 USD WhatsApp: +263715068543 Calls: 0772464000 Buy Online: https://www.pindula.co.zw/market/itel-s24-128gb-22-20240426142756795795/?s=wanews ---------- > 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 _If you found this article useful_ *Please support Pindula by forwarding to friends and groups*
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