Browsing: Zimbabwe’s central bank

Zimbabwean economy

The Reserve Bank of Zimbabwe (RBZ) prefaced its policy review by stating that inflationary pressures have dissipated which it called conducive and supportive of its expected economic growth rate of 7.8 per cent in 2021. 

The policy review was characterized by optimism on the part of the monetary authorities as it painted a rosy economic outlook. The tone of the document was very upbeat with the RBZ expecting global economic recovery from the adverse effects of the coronavirus pandemic because of the stimulus packages whose effects it is expected will trickle down to emerging economies and special drawing rights (SDR) allocations adding up to US$650 billion.