The central bank has been forced to take action because of the continuing decline of the Zimbabwe dollar which has even baffled industry which wonders why the gap between the official exchange rate and the parallel market rate has widened while inflation has declined from 837.5...
Earlier today, the Reserve Bank of Zimbabwe (“the Bank”) issued a statement raising its concern on the illegal activities of foreign exchange rate manipulators who have been engaging in activities that have exerted pressure on the exchange rate in the last few days. ...
September 2023 Name of the PersonalityField Heath Streak Former Zimbabwe Cricket Captain Professor Sir Ian Wilmut British Scientist Dennis Austin Co-Creator of PowerPoint N. S. Srinivasan Director of National Transportation Planning and Research Centre (NATPAC) N. Neela Renowned flautist Gita Mehta Re...
We have made regular increases over several years and most recently raised our minimum hourly rate of pay for U.S. teammates to $20 in the first quarter of 2020, one year earlier than planned. Sharing our success with our teammates. Over the past three years, we have awarded $1.6 ...
The World Bank highlighted the need for Zimbabwe to tackle price and exchange rate volatility and public debt arrears to support economic growth and job creation in 2024. In a report released on 13 December, the World Bank singled out energy shortages as the biggest stum...
Put starkly, who would expect policy reform to have significant effects in Zimbabwe as long as Robert Mugabe is in power? As an illustration of this,Figure 15plots the inflation rate in Zimbabwe and plots a vertical line in 1995 when the central bank's act was modified in order to grant...
Thailand’s central bank left its key interest rate unchanged for a fourth straight meeting on Wednesday, as widely expected, despite public calls by the government to reduce borrowing costs to help revive Southeast Asia’s second-largest economy. The Bank of Thailand’s (BOT) monetary policy co...
The CBN has been under fire for its exchange rate policies and also its interventions on troubled banks, including Polaris Bank.
Sri Lanka’s central bank tightened monetary policy in 2022, after the worst currency crisis in its history as macro-economists triggered a textbook ‘barber boom’ involving rate and tax cuts that Oxford educated Chancellor of the Exchequer Anthony Barber did to the UK in the 1970s. ...
The Reserve Bank of Zimbabwe (RBZ) is adamant the inflation outlook remains positive after the annual rate retreated by 12,4 percentage points to 75,2 percent for April 2023 although the monthly rate charged on weakening local currency. This comes as the central bank prepares to roll out...