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 Committee raised concern over increase in broad money (M3) and its implications on parallel market activities and inflation. In this context, the Committee urged the Bank to continue actively monitoring the developments in broad money in order to vigilantly stem out any resultant speculative activities.
