Policy discipline key for ZiG success – Old Mutual Securities
By ETimes The Reserve Bank of Zimbabwe (RBZ) governor Dr John Mushayavanhu in his latest Monetary Policy Statement (MPS) said the country is abandoning its foreign currency auction system and…
Govt, RBZ to consolidate reserves
By Stephen Chandisareva HARARE – The government says it will supplement apex bank reserves with an additional US$300 million meant to stabilize the recently introduced currency, Zimbabwe Gold (ZiG). But…
RBZ cuts policy rate by 1333 bps, targets 2-5% USD inflation annually
By Stephen Chandisareva HARARE – Zimbabwe has announced a 1333 basis point cut in the key policy rate to 130% down from 150% due to a sustained decline in inflation…
Navigating Inflation: Impact on Businesses and Consumers
By ETimes In March 2024, Zimbabwe’s economic landscape witnessed a notable shift in inflation rates, sending ripples through both businesses and consumers. The month-on-month inflation rate, a crucial indicator of…
IMF Staff adds voice to elimination of 10% trading margin
By Stephen Chandisareva HARARE – The International Monetary Fund (IMF) has joined local industrialists in calling for ditching the use of the official exchange rate with a capped margin of…
Power cuts cost 6.1% of Zim’s GDP per year – WB
By ETimes The World Bank (WB) estimates that power shortages are costing Zimbabwe 6.1% of its gross domestic product (GDP) annually. In its report titled Electrifying Growth Through Reliable and…
We stand ready to support you – IMF to Zim on new SMP
By ETimes The International Monetary Fund (IMF) says it stands ready to support Zimbabwe with its request for a new Staff Monitored Program (SMP) which was poised to begin in…
Elnino Threat: Over 20 million people will need food aid in Southern Africa
By ETimes At least 20 million people will require food assistance in southern Africa between January and March next year owing to El Nino’s adverse effects, the Famine Early Warning…
Marked growth in ZWL liquidity exerts pressure on exchange rates – Report
By ETimes While Zimbabwean dollar liquidity increased significantly in the market, IH Securities expects this upward trend to continue, putting continuous pressure on exchange rates. The weak local unit, known…
IMF staff tell Zim to accelerate FX market reform
By ETimes HARARE – The International Monetary Fund (IMF) flagged the pressing need for Zimbabwe to immediately expedite forex market reforms in order to fully restore macroeconomic stability. It comes…