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Zimbabwe's Central Bank Offers Measures to Rescue Economy

The Central Bank has urged the government to consider fiscal and internal devaluation so as to promote export competiveness and rescue the ailing economy.

  • Zimbabwe:   RBZ Proposes Devaluation

    Zimbabwe Standard, 9 August 2015

    Zimbabwe should consider fiscal and internal devaluation to promote export competiveness in the absence of its ability to effect nominal exchange rate adjustments, the Reserve Bank… Read more »

PPS

Mbare Market, Harare, Zimbabwe.

  • Zimbabwe:   Mangudya in Bid to Stimulate Growth

    Zimbabwe Independent, 7 August 2015

    Reserve Bank of Zimbabwe (RBZ) governor John Mangudya this week lowered interest rates on borrowings in a bid to entice businesses to take advantage of cheaper funding to… Read more »

  • Zimbabwe:   Bank Profits Surge to U.S $43 Million

    Zimbabwe Independent, 7 August 2015

    THE local banking sector's total net profit increased by 62% to US$43,01 million during the first six months of 2015 compared to the same period prior year, buoyed by rationalising… Read more »

  • Zimbabwe:   Mangudya Unveils Export-Focused MPs

    Financial Gazette, 6 August 2015

    RESERVE Bank of Zimbabwe (RBZ) governor John Mangudya yesterday made a passionate plea for a boost in production in an export-focused mid-term monetary policy statement that… Read more »

  • Zimbabwe:   RBZ Puts 18 Percent Cap On Interest Rates

    The Herald, 6 August 2015

    The Reserve Bank of Zimbabwe has reached an agreement with banks to cap interest rates at 18 percent as part of measures to reduce the prohibitive cost of finance. Read more »

  • Zimbabwe:   Mid-Term Policy Strengthens Banking

    The Herald, 6 August 2015

    Reserve Bank of Zimbabwe Governor Dr John Mangudya should be commended for coming up with measures to achieve sustainable economic growth anchored on the multi-currency system. Read more »

  • Zimbabwe:   'Monetary Policy to Focus On Banks Stability'

    The Herald, 4 August 2015

    THE Monetary Policy Statement to be released by the Reserve Bank of Zimbabwe Governor Dr John Mangudya tomorrow will focus on stabilisation of the banking sector, measures to… Read more »

  • Zimbabwe:   Banks to Slash Lending Rates

    The Herald, 14 July 2015

    THE Reserve Bank of Zimbabwe is expected to announce new measures aimed at containing the cost of lending, currently averaging 20 percent per annum. Read more »

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