According to a statement by the central bank’s monetary policy committee, the central bank will take all action to firmly anchor inflation and exchange rate expectations.
The MPC, which met on Tuesday, noted that monetary and financial conditions were conducive to sustain the prevailing stability given the robust economic growth of 5.3% expected in 2023, high foreign currency inflows relative to external payments and fiscal sustainability.
Inflation has dropped from a peak of 175.8% in June to 18.4% this month.
(85 VIEWS)
This post was last modified on September 29, 2023 8:40 am
The Zimbabwe Gold, ZiG, continued to firm against the United States dollar ending the week…
Zimbabwe will be issuing 7.5 kg of grain a month to each of the six…
The stability of Zimbabwe’s local currency, the Zimbabwe Gold (ZiG), is critical if the country…
More than half of Zimbabwe’s population will need food aid between this month and March…
Zimbabwe’s currency, the ZiG, kicked off the week on a positive note after firming to…
Twenty-five white Zimbabwean farmers who took their R2 billion land damages claim to the South…