Telephone +263 0242 703 000, +263 867 700 0477 |
|
|
|
The Bank expects the domestic economic outlook to remain positive notwithstanding uncertainties around the global economic outlook. Against this backdrop, the Bank shall remain committed to staying on course of a tight monetary policy stance aligned to the inflation path to balance the need to protect price stability and the country’s growth potential.
The Bank strongly believes that the current tight monetary policy stance complemented by the strong will by Government to putting in place measures that deal with factors that destabilise the foreign exchange market will result in exchange rate and price stability in the near and short-term.
The conservative monetary targeting framework currently being pursued by the Bank has seen quarterly growth in reserve money being successfully contained within desired targets throughout 2021.
This Monetary Policy Statement (the Statement) comes at a time when Government has ably shown steadfast commitment to sustaining the economic reform momentum. Despite the difficulties caused by the Covid19 pandemic, the economy is on the rebound.
