THE 2024 MONETARY POLICY STATEMENT AT A GLANCE

PREAMBLE

2023-10-23 Press Statement on the Resolutions of the Monetary Policy Committee [MPC]

The Monetary Policy Committee (the MPC) of the Reserve Bank of Zimbabwe (the Bank) met on 23 October 2023 and deliberated on recent macroeconomic and financial developments in the economy.

Mid-Term Monetary Policy Statement – 09-08-2023 – Staying the Course to Price Stability

The two downloadable documents below are:

Monetary Policy Statement 02-02-2023 Sustaining Price Stability and Economic Resilience

SECTION ONE
INTRODUCTION

2023-06-06 RESOLUTIONS OF THE MONETARY POLICY COMMITTEE MEETING

The Monetary Policy Committee (the MPC) of the Reserve Bank of Zimbabwe (the Bank) met on 6 June 2023 and deliberated on macroeconomic and financial developments in the economy.

Press Statement-Issuance of Gold-backed Digital Tokens

Pursuant to the resolution of the Monetary Policy Committee (the MPC) on 28 March 2023 to complement the issuance of physical gold coins with gold-backed digital products, the Bank wishes to advise that it will be issuing gold-backed digital tokens with effect from 8 May 2023. The gold-backed tokens will be fully backed by physical gold held by the Bank.

2022-12-02 Reserve Bank Press Statement on the Deliberations of the Monetary Policy Committee [MPC]

The Monetary Policy Committee (the Committee) of the Reserve Bank of Zimbabwe (the Bank) met on 2 December 2022 to discuss the macroeconomic and financial developments in the economy and their implications on monetary policy as well as the general economic outlook.

2022-09-23 Reserve Bank Press Statement on the Deliberations of the Monetary Policy Committee [MPC]

The Monetary Policy Committee (MPC or Committee) of the Reserve Bank of Zimbabwe (the Bank) met on 23 September 2022 to discuss the macroeconomic and financial developments in the economy and their implications on monetary policy.

The MPC expressed satisfaction with the positive impact of the recent policy measures, which have resulted in the

Monetary Policy Statement 11-08-2022 RESTORING PRICE AND EXCHANGE RATE STABILITY

SECTION ONE

INTRODUCTION AND BACKGROUND

1. This Monetary Policy Statement (MPS) is issued in terms of Section 46 of the Reserve Bank of Zimbabwe Act [Chapter 22:15] (the Act).

2022-06-24 Reserve Bank Press Statement on the Deliberations of the Monetary Policy Committee [MPC]

The Monetary Policy Committee (MPC) of the Reserve Bank of Zimbabwe (the Bank) met on 24 June 2022 and deliberated on macroeconomic and financial developments in the economy.

2022-04-25 Reserve Bank Press Statement on the Deliberations of the Monetary Policy Committee [MPC]

The Monetary Policy Committee (MPC) of the Reserve Bank of Zimbabwe (the Bank) met on 29 April 2022 to discuss the recent macroeconomic and financial developments and their impact on the economy. The Committee noted with concern the recent uptick in month-on-month inflation, from 7.7% in March to 15.5% in April 2022, and the increase in annual inflation from 72.7% in March to 96.4% in April 2022.

2022-04-01 Reserve Bank Press Statement on the Deliberations of the Monetary Policy Committee [MPC]

The Monetary Policy Committee (MPC) of the Reserve Bank of Zimbabwe (the Bank) met on 1 April 2022 to consider developments in the domestic and international macroeconomic environment as well as the impact of global geopolitical factors on the economy.

While noting the decline in month-on-month inflatio

2022-02-25 Reserve Bank Press Statement on the Deliberations of the Monetary Policy Committee [MPC]

The Monetary Policy Committee (MPC) of the Reserve Bank of Zimbabwe (the Bank) met on 25 February 2022 and deliberated on macroeconomic and financial developments in the economy, as well as the progress made in the implementation of the recent monetary policy measures announced on 7 February 2022.

The C

Monetary Policy Statement 07-02-2022 STAY THE COURSE

INTRODUCTION AND BACKGROUND

1.

2021-10-28 Reserve Bank Press Statement on the Deliberations of the Monetary Policy Committee [MPC]

The Monetary Policy Committee (MPC) of the Reserve Bank of Zimbabwe (the Bank) met on 28 October 2021 and had robust deliberations on macroeconomic developments and monetary policy interventions needed to promote and sustain the obtaining macroeconomic stability in the economy.

2021-08-27 Reserve Bank Press Statement on the Deliberations of the Monetary Policy Committee [MPC]

The Monetary Policy Committee (MPC) of the Reserve Bank of Zimbabwe (the Bank) met on the 27th of August 2021 and deliberated on recent economic and financial developments and their implications on monetary policy.

The Committee noted with satisfaction the strong economic growth which is envisaged to be strengthened by the favourable global economic outlook and the US$961million SDR allocation from the International Monetary Fund (IMF) on 23 August 2021.

2021-03-26 Reserve Bank : Press Statement on the Deliberations of the Monetary Policy Committee [MPC]

The recently constituted Monetary Policy Committee (MPC) of the Reserve Bank of Zimbabwe (the Bank) held its inaugural meeting on the 26th of March 2021 and deliberated on recent economic and financial developments and their implications on monetary policy.

2021-01-07 Reserve Bank : Press Statement on the Deliberations of the Monetary Policy Committee [MPC]

The Monetary Policy Committee (MPC) of the Reserve Bank of Zimbabwe (the Bank) met on 7 January 2021 and deliberated on measures to refine and enhance the sustainability of the Foreign Exchange Auction System. The MPC made the following resolutions in respect of surrender and liquidation of foreign exchange receipts: -

(a) To remove the compulsory requirement to liquidate all unutilised export proceeds after 60 days, with

Monetary Policy Statement 18-02-2021 STAYING ON COURSE IN FOSTERING PRICE AND FINANCIAL SYSTEM STABILITY