Monetary measures spur exchange rate stability: RBZ

THE Reserve Bank of Zimbabwe (RBZ) says the tight monetary policy implemented by the bank resulted in the exchange rate stabilising and inflationary pressures easing.

In a statement, RBZ governor John Mangudya said the Monetary Policy Committee had noted the positive impact of various measures by monetary and fiscal authorities to reduce inflationary pressures and stabilise the exchange rate when it met last week.

“The Monetary Policy Committee (MPC) of the Reserve Bank of Zimbabwe (the bank) met on 26 August 2022 to review the impact of the recent monetary policy measures on the economy.

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