Zimbabwe: Remarks On the RBZ Monetary Policy Statement

press release

The monetary policy statement by the Reserve Bank Governor smacks of a neo-liberal agenda as among other measures it seeks to cause a general wage freeze in Zimbabwe at a time when minimum wages are far below the poverty datum line of USD450 per month.

The MDC therefore condemns the anti-worker monetary statement. We reject the misplaced view that wages are the only cost drivers. Far from it. Public utilities, imports, corruption and profiteering are some of the causes of inflation not wages. The MDC will fight and resist labour market flexibility which is being introduced by the clueless Zanu PF regime.

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