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JULY 2015 MID-TERM MONETARY POLICY STATEMENT

JULY 2015 MID-TERM MONETARY POLICY STATEMENT BEYOND STABILIZATION BY DR. J. P. MANGUDYA GOVERNOR RESERVE BANK OF ZIMBABWE 2 Contents 5 GLOBAL ECONOMIC DEVELOPMENTS .. 11 Advanced Economies .. 11 Emerging Market and Developing Economies .. 12 Sub-Saharan Africa .. 13 Commodity Price Developments .. 15 Crude Oil .. 16 Base Metals .. 17 Platinum and Gold .. 18 Food 19 EXCHANGE RATE DEVELOPMENTS .. 20 BALANCE OF PAYMENTS DEVELOPMENTS .. 21 Merchandise Trade 21 POLICY Measures to Enhance Foreign Exchange Generation (Liquidity) .. 26 Export Incentives are a Critical Pre-requisite.

july 2015 mid-term monetary policy statement beyond stabilization by dr. j. p. mangudya governor reserve bank of zimbabwe

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