10. Be inclusive. Charging USD100 to unpack a monetary policy statement that has wide ramifications for every person, rich or poor, is not a good look. Take explanations to the public. 11. Avoid ambush. Give fair notice. Engage stakeholders before making policy. Get feedback on realistic ti...
The RBZ's decision to increase interest rates and tighten monetary policy comes amid rising inflation, placing immense pressure on the central bank to stabilize the economy. However, many Zimbabweans view the devaluation as a severe blow to the already embattled ZiG currency, leaving them questioni...
RBZ Governor John Mangudya, in his 2017 monetary policy statement, said the latest directive was meant to ensure the banking sector continued to support productive sectors. “All banking institutions are required to ensure that lending interest rates should not exceed 12 percent per annum and that ...
In a statement outlining the January 7 Monetary Policy Committee (MPC) meeting, Reserve Bank of Zimbabwe (RBZ) governor John Mangudya said the measures were meant "to refine and enhance the sustainability of the foreign exchange auction system".The interbank auction system brought stability to the...
The central bank came under fire from trade unions and consumer lobby groups after announcing the new measures, with many saying the limits announced in the monetary policy statement (MPS) would amplify an already bad situation. Mangudya set new mobile banking limits per transaction of $25 000 ...