Blended CPI sparks self-feeding inflationary impacts – Report
TweetShareSharePin0 SharesBy 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…
Money Supply growth in Q1 unsustainable
TweetShareSharePin0 SharesBy 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…
Current FX exchange stability remains fragile – Report
TweetShareSharePin0 SharesBy 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,…
Manufacturing industry capacity utilisation could fall below 70% – Report
TweetShareSharePin0 SharesBy 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…
Black market rate to show signs of stability by month end – CZI
TweetShareSharePin0 SharesBy 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…
Maximum deposit protection cover increased to $1mln
TweetShareSharePin0 SharesBy 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…
FX auction system disbursed US$4.08bn since inception – RBZ
TweetShareSharePin0 SharesBy 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…
Unfavorable rates, inflationary pressures to reduce bank’s credit extension – Zimnat
TweetShareSharePin0 SharesBy ETimes Zimbabwe’s banks will limit credit availability owing to unfavourable rates and rising inflationary pressure, the latest report shows. Policymakers recently decided to increase the bank policy rate…
Expanding money supply still top concern for Zim economy, says IH
TweetShareSharePin0 SharesBy ETimes Zimbabwe’s main problem still revolves around increasing the money supply, warned IH Securities (IH). This comes as experts have continuously warned that the growing uncertainty within the…
Govt pending exceeds quarterly target
TweetShareSharePin0 SharesBy ETimes Government spending rose 15,2 percent above the first quarter of 2023 to $1,1 trillion with employment costs claiming the lion’s share, according to data from the ministry of…