Monetary Policy

January 2014 Monetary Policy

Infrastructure bottlenecks especially around key economic enablers such as energy, transport, communication. These bottlenecks have eroded of viability and competitiveness of local producers in key economic sectors;

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January 2013 Monetary Policy

Distinguished colleagues,the deterioration in global economic conditions  coupled  with  constraints in  the  domestic  economy, notably the  negative  effects of sanctions, adverse weather conditions and underlying liquidity shortages  imposed  constraints on the growth of the Zimbabwean economy.

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July 2012 Monetary Policy

These adverse global developments have combined with, tight domestic liquidity conditions, limited access to offshore  lines of credit, frequent power outages and a huge debt overhang to take steam off the recovery momentum gained since the  adoption of multiple currencies in 2009.

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January 2012 Monetary Policy

Zimbabwe remains susceptible to the vagaries of the adverse external macroeconomic environment, particularly within the  aegis of the multiple currency system which is  typified by limited macroeconomic policy instruments. In essence, lack of  potent policy instruments to absorb both domestic and external shocks relegates Zimbabwean policy makers to mere observers and pray that global developments remain favourable.

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July 2010 Monetary Policy

Albeit showing worrying signs of resurgence, Zimbabwe’s inflation has now trended in low regions of under 7%, that allow for the convergence of the economy’s macroeconomic performance indicators towards sustainable steady-state growt the convergence of the economy’s macroeconomic performance indicators towards sustainable steady-state growth levels.

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January 2011 Monetary Policy

Under the multiple currency system the efficiency of the instrument of monetary aggregates as a tool to fend off inflationary pressures is highly limited,  as  money  supply  in  the  economy  has  become  exogenous  to  Monetary Authorities’ discretionary policy framework.

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