RBZ maintains tight monetary policy stance amid ZWL shortages
By ETimes The Reserve Bank of Zimbabwe (RBZ) has held the benchmark interest rate to give time for the instituted measures to have their full effect on the dual currency…
Food inflation fears rise as Russia backs down on deal
By ETimes The Black Sea grain deal which eased food inflation to record highs in 40 years has been put to an end as the concerned parties have not agreed…
Zim poised to record softer growth for reminder of year
By ETimes A research firm has become less optimistic about Zimbabwe’s growth outlook owing to an increasingly dollarising economy. The country has been fast dollarizing, with statistics from the Zimbabwe…
Blended CPI sparks self-feeding inflationary impacts – Report
By ETimes A local research firm says it would have been better to issue a Consumer Price Index that just included Zimbabwean dollar and US dollar inflation in order to…
Money Supply growth in Q1 unsustainable
By ETimes Zimbabwe’s broad money supply has grown from just under $2,3 trillion as of December 2022 to more than $3,2 trillion as of March 2023 according to the Reserve…
Current FX exchange stability remains fragile – Report
By ETimes The exchange rate stabilisation currently being witnessed in the country is only temporary, as there is still an unacceptably big premium between the official and alternative markets, a…
Manufacturing industry capacity utilisation could fall below 70% – Report
By ETimes Capacity utilisation in Zimbabwe’s manufacturing sector could fall below the projected 70% this year owing to economic headwinds, a recent report shows. Capacity utilisation measures the level at…
Black market rate to show signs of stability by month end – CZI
By ETimes The Confederation of Zimbabwe Industries (CZI) expects the parallel market exchange rate to stabilise by the end of this month if the raft of measures are effectively put…
Maximum deposit protection cover increased to $1mln
By ETimes The Deposit Protection Corporation of Zimbabwe (DPC) has made an upward review of the deposit protection cover by 733.33% to $1 million in order to keep pace with…
FX auction system disbursed US$4.08bn since inception – RBZ
By ETimes Zimbabwe has so far disbursed US$4.08 billion to businesses through the auction system since it started in June 2020, the latest data shows. The lion’s share went to…