Analysis of the Impact of the 2024 Mid -Term Monetary Policy Zimbabwe’s Competitiveness | Document

The Reserve Bank of Zimbabwe (RBZ) Governor announced the 2024 mid-term Monetary Policy Review Statement on 30 August 2024. The recalibrated 2024 Monetary Policy Statement (MPS) on 5th April 2024 came at the backdrop of a depreciating local currency and skyrocketing inflation.

The Review comes at a time when the economy experienced stability after the introduction of the ZiG until August 2024. However, the stability in exchange rate and inflation is now under threat from the recent developments in the black-market exchange rate.