This Mid-Term Monetary Policy Statement is issued in terms of Section 46 of the Reserve Bank Act (Chapter 22:15). The major objectives of this Statement are to highlight the global and domestic financial developments; to provide an assessment of the monetary policy measures taken by the Bank in May 2016 to stabilize the economy; to present new measures to restore confidence within the economy; and to offer policy advice to deal with the fiscal and current account deficits in order to change Zimbabwe’s economic narrative to production and productivity which is very vital or imperative to restore trust and confidence within the national economy.