‘Banks are liquid enough’ RBZ
By ETimes In his monetary policy of 2023, Reserve Bank of Zimbabwe (RBZ) Governor Dr. John Mangudya said bank deposits grew exponentially driven by increased use of USDs in the…
RBZ to mint more gold coins if necessary
By ETimes The Reserve Bank of Zimbabwe (RBZ) says it will not hesitate to mint more gold coins if the market demands them, defying the International Monetary Fund suggestions. “The Bank…
Elections a major risk to monetary policy: IH Securities
By ETimes Brokerage firm, IH Securities said the monetary policy remained on course but there was downward pressure from the impending elections pressure. IH Securities noted that the central bank has…
Interest rates review ‘interests’ industry
By ETimes Consistent with the current and expected inflation outturn, the Governor said, with effect from February 1, 2023, the bank policy rate will drop from 200 percent per annum…
ARS sees Zim growth slowing to 1.5% in 2023
By ETimes Zimbabwe’s economic growth will slow to 1.5% this year, the local think tank Akribos Research Services (ARS) said in its latest investment markets playbook 2022 review and 2023…
IH says fundamentals point to a bullish stock market in 2023
…as mid-tier caps lift market index By ETimes The Zimbabwe Stock Exchange opened the week on a positive note, extending its bullish sentiment to three consecutive trading sessions. Today’s performance…
Zimbabwe GDP growth to grow by 2.4% in 2023 – Fitch Solutions
…as mid-tier stocks drive ZSE to a marginal gain The Zimbabwe Stock Exchange on Friday gained 0.14%, extending bullish sentiment to two consecutive trading sessions. As a result, the market…
Prices are likely to continue increasing, FEWSNET says
By ETimes The Famine Early Warning Systems Network (FEWSNET) says the country is likely to continue experiencing price increases, which are being fuelled by rising manufacturing costs and parallel market…
Forex Reserves, 2023 current account surplus will not help
By ETimes Zimbabwe is forecasted to have a current account surplus in 2023, but rating agency Fitch Ratings feels the surplus will not be able to help our foreign currency…
Illicit Financial Flows Deplete Zimbabwe’s Wealth: Veritas
By ETimes Zimbabwe’s economy is being hindered by illicit financial flows, which also encourage corruption and benefit members of the elite at the expense of the general populace, a legal…