HARARE-- Reserve Bank of Zimbabwe Governor Dr John Mangudya will present the first-half monetary policy statement (MPS) for 2018 Wednesday with expectations that it will contain
prescriptions to cure challenges which have crippled the economy for years.
While it will not be his first at the helm of the central bank, Dr Mangudya will be presenting the first MPS under the new government led by President Emmerson Mnangagwa, who took over from former President Robert Mugabe on Nov 24 last year.
The new government, in its first budget announced in December last year, took bold steps by introducing a number of new policies aimed at rebooting the economy through slashing government expenditure and attracting new investment among others. Analysts expect additional measures in the RBZ policy pronouncement to support these steps.
Dr Mangudya will be presenting the policy statement amidst an unending struggle to improve the cash situation in the country which has fueled the black market and led to the emergence of a three-tier pricing system for goods.
The public will be looking forward to measures aimed at tackling these challenges that have indirectly pushed up the cost of living.
Source: NAM NEWS NETWORK