Zimbabwe: RBZ's MPC Seeing Off Final Days

GOVERNMENT has begun the process of allowing the Reserve Bank of Zimbabwe (RBZ) to discontinue its Monetary Policy Committee (MPC), which has effectively been dysfunctional due to the country's inability to control money supply.

The MPC had been created against the background of scepticism by analysts, who predicted that it would be doomed because Zimbabwe no longer had a currency of its own and therefore had very little or no leverage to control interest rates.

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