Transcription of JANUARY 2018 MONETARY POLICY STATEMENT …
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JANUARY 2018 MONETARY POLICY STATEMENT …
JANUARY 2018 MONETARY POLICY STATEMENT ENHANCING FINANCIAL STABILITY TO PROMOTE BUSINESS CONFIDENCE RESERVE BANK OF ZIMBABWE BY DR. J P. MANGUDYA GOVERNOR 2 CONTENTS SECTION 1 .. 4 INTRODUCTION AND EXECUTIVE SUMMARY .. 4 SECTION 2 .. 7 EVALUATION OF 2017 MONETARY POLICY INTEVENTIONS .. 7 SECTION 3 .. 20 GLOBAL AND REGIONAL ECONOMIC DEVELOPMENTS .. 20 SECTION 4 .. 23 BALANCE OF PAYMENTS DEVELOPMENTS .. 23 SECTION 5 .. 28 MONETARY AND INFLATION DEVELOPMENTS .. 28 SECTION 6 .. 35 FINANCIAL SECTOR DEVELOPMENTS .. 35 SECTION 7 .. 45 POLICY MEASURES TO ENHANCE FINANCIAL STABILITY AND TO PROMOTE BUSINESS CONFIDENCE IN THE ECONOMY.
5 This, notwithstanding, the country’s high import dependency continues to exert pressure on foreign exchange earnings, thus fueling parallel market activities for foreign …
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