Mnangagwa hails tight policy impact on ZWG stability, inflation

President Emmerson Mnangagwa on Tuesday praised the Reserve Bank of Zimbabwe’s (RBZ) tight monetary policy stance, describing it as favourable for sustaining economic activity and maintaining stability in the economy.

Since taking over as RBZ Governor last year, Dr. John Mushayavanhu has implemented a restrictive monetary policy aimed at anchoring price, currency, and exchange rate stability. The approach involves maintaining a high bank policy rate, currently at 35%, to curb speculative borrowing, which has been a major driver of excess liquidity and illicit parallel market activity.

Other measures, such as elevated reserve requirements, have also been introduced to control inflation while supporting long-term economic growth.

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