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*No More Shock Announcements - Mangudya* *Follow Pindula on WhatsApp for daily new updates* https://whatsapp.com/channel/0029Va84dngJP21B2nWeyM3v?ch 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: ---------- *HOT DEALS:* *itel A70 - (128GB, 3GB RAM) $89,* *itel A70 - (256GB, 4GB RAM) $99* *itel P40 (128GB, 4GB), (6000mAh) $99* *itel P40 (64GB, 4G), (6000mAh) $93* Cash on Delivery in Harare & Bulawayo. Tinotumira kwamuri inosvika. WhatsApp: 0️⃣7️⃣8️⃣3️⃣ 4️⃣5️⃣0️⃣ 7️⃣9️⃣3️⃣ ---------- > 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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