Transcription of 2017 MID-TERM MONETARY POLICY STATEMENT PRODUCE …
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2017 MID-TERM MONETARY POLICY STATEMENT PRODUCE …
1 2017 MID-TERM MONETARY POLICY STATEMENT PRODUCE AND CREATE RESERVE BANK OF ZIMBABWE 2 August 2017 2 Table of Contents OVERVIEW .. 5 SECTION 1: REVIEW OF PREVIOUS MONETARY POLICY MEASURES ..9 FINANCIAL SECTOR STABILITY .. 13 FOREIGN EXCHANGE MANAGEMENT .. 17 FINANCIAL INCLUSION STRATEGY .. 30 PRODUCTIVE & EMPOWERMENT FINANCING .. 19 NATIONAL PAYMENT SYSTEMS DEVELOPMENTS .. 31 SECTION 2: GLOBAL DEVELOPMENTS .. 26 ZIMBABWE EXTERNAL SECTOR DEVELOPMENTS .. 36 SECTION 3:INFLATION DEVELOPMENTS .. 37 SECTION 4: FINANCIAL SECTOR DEVLOPMENTS .. 37 SECTION 5: MONEY & CAPITAL MARKETS DEVELOPMENTS .. 50 SECTION 6: POLICY MEASURES .. 58 SECTION 7: CONCLUSION .. 70 3 List of Figures Figure 1: Credit Registry Enquiries.
5 OVERVIEW This Monetary Policy Statement is issued in terms of Section 46 of the Reserve Bank of Zimbabwe Act [Chapter 22:15] which requires the Bank to issue a statement
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