INTRODUCTION

1. The Reserve Bank of Zimbabwe’s Monetary Policy Committee (MPC) held its inaugural meeting on 28 and 29 October 2019 at the Bank Chambers. During its deliberations, the Committee noted a number of issues that require urgent implementation for attainment of macroeconomic stability for sustainable development.

2. In particular, the Committee focused its attention on the recent economic developments, inflation trends, cash challenges in the economy, exchange rate and foreign exchange inflows and outflows, as well as the interbank market and national payment issues.