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RBZ Governor Dr Mangudya presents mid-term Monetary Policy

Full video RBZ Governor Dr Mangudya presenting mid-term Monetary Policy

The monetary measures presented by the Governor and the fiscal measures presented by the Minister of finance Professor Mthuli Ncube, aimed at stabilising our economy.

The Monetary Policy Statement is issued in terms of Section 46 of the Reserve Bank of Zimbabwe Act [Chapter 22:15], which requires the Governor of the Reserve Bank to produce a Statement of Monetary Policy giving an account of the monetary policy measures pursued in the preceding six months and the new measures to be pursued in the subsequent six months’ period. The Monetary Policy Statement thus gives the Bank an opportunity to reflect on its past achievements and the basis to further fine-tune the financial system in order to achieve the Bank’s mandate of maintaining price and financial stability which is the bedrock for economic development.

 

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