Monetary Policy

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

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

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

SECTION ONE
INTRODUCTION AND BACKGROUND
"
1.1 This Statement provides an evaluation of the progress in the implementation of monetary policies enunciated in the previous Monetary Policy Statement of August 2020 and outlines the monetary policy measures to be pursued by the Bank in the next six months to buttress and sustain the obtaining price and exchange rate stability since the introduction o

MONETARY POLICY STATEMENT FOCUSING ON PRICE AND EXCHANGE RATE STABILITY 17 FEBRUARY 2020

The measures and policies discussed in the statement are aimed at accomplishing the Bank’s 2020 key strategic focus areas of ensuring exchange rate and price stability, the smooth functioning of the interbank foreign exchange market and providing support to economic activity without endangering the important objective of reducing and stabilising inflation in the short to medium term.

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