Currency stability measures expected to top Monetary Policy Review

By Stanley James

CURRENCY stability measures are expected to feature prominently when the Reserve Bank of Zimbabwe Governor Dr John Mangudya delivers his Mid-Term Monetary Policy Review this month.

Economist Dr Gift Mugano expects the monetary authorities to focus on consolidating current economic gains for the benefit of industry and commerce.
“The stability that is ongoing should be commended but we also anticipate further growth in key productive sectors of the economy with a potential to increase economic growth,” he said.
Foreign currency generating sectors of the economy are also anticipating continuous review of export retention schemes and affordable lending rates.

“If you look at the tourism sector we are really feeling the pinch of the Covid -19 so it is just an issue of what can be done to sustain growth.

Confederation of Zimbabwe Retailers president Denford Mutashu reveals the central bank should focus on increasing savings.

“The trend is showing some signs of growth but more can be done to ensure increased sales through sustainable inflation control measures,” he said.

The mid-term monetary policy review will be presented at a time when treasury last week raised economic growth targets for this year to seven comma eight percent from seven comma four percent.

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