Published: 24 July 2017

The Reserve Bank of Zimbabwe (RBZ) will soon be releasing a midterm monetary policy review providing details on the impact of its policies on economic recovery.

The midterm monetary policy review is expected to complement the 2017 budget outlook projections announced by the Treasury last week.

Sources told reporters the monetary policy review  comes on the back of stability in the financial sector with issues such as the updates on bond notes and coins, interest rates, treasury bills, non performing loans, exchange control regulations, the state of the multiple currency, plastic money usage and electronic transactions, establishment of a credit registry being under spotlight.

Expectations are also high  the midterm monetary policy review will provide details about policies to increase capital inflows, stabilise inflation, boost savings, stamp out illicit financial deals, solve liquidity and cash challenges, diaspora remittances, among other factors, says an economist Dr Gift Mugano.

"A raft of measures are expected so let's wait and see what will emerge from the review as we seek to consolidate the gains," said Dr Mugano.

In his 2017 monetary policy statement, the RBZ Governor Dr John Mangudya said the central bank will continue to implement confidence building measures to consolidate gains achieved in the past few years.


- zbc

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