RBZ MONETARY POLICIES NOT WORKING, SAYS IMF
THE International Monetary Fund (IMF) has advised
government to cut the Reserve Bank of Zimbabwe’s (RBZ) role in crafting
monetary policies to just its core functions, after the local currency
depreciated by more than 70% year to date.
This comes afte…
THE International Monetary Fund (IMF) has advised
government to cut the Reserve Bank of Zimbabwe’s (RBZ) role in crafting
monetary policies to just its core functions, after the local currency
depreciated by more than 70% year to date.
This comes after the IMF downgraded Zimbabwe’s gross
domestic products (GDP) growth performance for 2024 by 0,35 percentage points
to 3,25% owing mostly to the