{"id":64312,"date":"2022-08-12T19:00:57","date_gmt":"2022-08-12T17:00:57","guid":{"rendered":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/rbz-reviews-projected-domestic-economic-growth-down-in-mid-term-monetary-policy-statement"},"modified":"2022-08-12T21:08:45","modified_gmt":"2022-08-12T19:08:45","slug":"rbz-reviews-projected-domestic-economic-growth-down-in-mid-term-monetary-policy-statement","status":"publish","type":"post","link":"https:\/\/www.africa-press.cc\/zimbabwe\/all-news\/rbz-reviews-projected-domestic-economic-growth-down-in-mid-term-monetary-policy-statement","title":{"rendered":"RBZ Reviews Projected Domestic Economic Growth Down In Mid-Term Monetary Policy Statement"},"content":{"rendered":"

Africa-Press – Zimbabwe. <\/strong><\/span>The Governor of the Reserve Bank of Zimbabwe (RBZ) John Panonetsa Mangudya Thursday reviewed down the projected domestic economic growth in his Mid-Term Monetary Policy Statement (MPS).<\/p>\n

The MPS evaluates monetary policy measures and outlines the monetary policy stance and policies for the subsequent six months of 2022.<\/p>\n

In the statement seen by Pindula News, Mangudya highlighted the recent developments in monetary, external and banking sectors as well as policy measures the Bank is implementing in pursuit of price, exchange rate and financial system stability.<\/p>\n

He also outlined the monetary policy stance to be followed by the Bank in the second half of 2022. The statement reads in part:<\/p>\n

Domestic economic growth has remained robust and is projected at 4.6% in 2022, down from the initial forecast of 5.5%. The downward revision was necessitated by the continued global and domestic inflationary pressures, global geopolitical tensions and the consequences of the ongoing global warming and the COVID-19 pandemic.<\/p>\n

In order to address the domestic inflationary pressures mainly attributable to the movement in the parallel foreign exchange premiums, Government and the Bank implemented bold measures to deal with factors driving exchange rate volatility and inflation. The measures announced by the President on 7 May 2022 managed to instil discipline and curb speculative behaviour, particularly on the stock market.<\/p>\n

Mangudya added that increasing interest rates and the introduction of gold coins as economic measures, \u201chave gone a long way in preserving the value of the local currency, reducing liquidity in the market and reducing foreign currency demand on the parallel market and thus stabilising the exchange rate and prices.\u201d<\/p>\n

Download Monetary-Policy-Statement-August-2022-<\/p>\n

For More News And Analysis About Zimbabwe<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Zimbabwe. The Governor of the Reserve Bank of Zimbabwe (RBZ) John Panonetsa Mangudya Thursday reviewed down the projected domestic economic growth in his Mid-Term Monetary Policy Statement (MPS). The MPS evaluates monetary policy measures and outlines the monetary policy stance and policies for the subsequent six months of 2022. In the statement seen […]<\/p>\n","protected":false},"author":84,"featured_media":64311,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3,6,35,15],"tags":[11018,1493,2189,7562,4592,1859,19],"class_list":{"0":"post-64312","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-all-news","8":"category-economy","9":"category-homepage-english","10":"category-twitter","11":"tag-2022-mid-term-monetary-policy-statement","12":"tag-africa-press","13":"tag-africa-press-zimbabwe-2","14":"tag-dr-john-panonetsa-mangudya","15":"tag-rbz-monetary-policy-committee-mpc","16":"tag-reserve-bank-of-zimbabwe-rbz","17":"tag-zimbabwe"},"yoast_head":"\nRBZ Reviews Projected Domestic Economic Growth Down In Mid-Term Monetary Policy Statement - zimbabwe<\/title>\n<meta name=\"description\" content=\"The Governor of the Reserve Bank of Zimbabwe (RBZ) John Panonetsa Mangudya Thursday reviewed down the projected domestic ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/rbz-reviews-projected-domestic-economic-growth-down-in-mid-term-monetary-policy-statement\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"RBZ Reviews Projected Domestic Economic Growth Down In Mid-Term Monetary Policy Statement\" \/>\n<meta property=\"og:description\" content=\"The Governor of the Reserve Bank of Zimbabwe (RBZ) John Panonetsa Mangudya Thursday reviewed down the projected domestic ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/rbz-reviews-projected-domestic-economic-growth-down-in-mid-term-monetary-policy-statement\" \/>\n<meta property=\"og:site_name\" content=\"zimbabwe\" \/>\n<meta property=\"article:published_time\" content=\"2022-08-12T17:00:57+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-08-12T19:08:45+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/zimbabwe\/sites\/14\/2022\/08\/postQueueImg_7-62f6a51edf1b5.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"720\" \/>\n\t<meta property=\"og:image:height\" content=\"339\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/rbz-reviews-projected-domestic-economic-growth-down-in-mid-term-monetary-policy-statement\",\"url\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/rbz-reviews-projected-domestic-economic-growth-down-in-mid-term-monetary-policy-statement\",\"name\":\"RBZ Reviews Projected Domestic Economic Growth Down In Mid-Term Monetary Policy Statement - zimbabwe\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/rbz-reviews-projected-domestic-economic-growth-down-in-mid-term-monetary-policy-statement#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/rbz-reviews-projected-domestic-economic-growth-down-in-mid-term-monetary-policy-statement#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/zimbabwe\/sites\/14\/2022\/08\/postQueueImg_7-62f6a51edf1b5.jpg\",\"datePublished\":\"2022-08-12T17:00:57+00:00\",\"dateModified\":\"2022-08-12T19:08:45+00:00\",\"author\":{\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/#\/schema\/person\/2e02b5816e71b1149d79877f669a85e4\"},\"description\":\"The Governor of the Reserve Bank of Zimbabwe (RBZ) John Panonetsa Mangudya Thursday reviewed down the projected domestic ...\",\"breadcrumb\":{\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/rbz-reviews-projected-domestic-economic-growth-down-in-mid-term-monetary-policy-statement#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/rbz-reviews-projected-domestic-economic-growth-down-in-mid-term-monetary-policy-statement\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/rbz-reviews-projected-domestic-economic-growth-down-in-mid-term-monetary-policy-statement#primaryimage\",\"url\":\"https:\/\/static.africa-press.net\/zimbabwe\/sites\/14\/2022\/08\/postQueueImg_7-62f6a51edf1b5.jpg\",\"contentUrl\":\"https:\/\/static.africa-press.net\/zimbabwe\/sites\/14\/2022\/08\/postQueueImg_7-62f6a51edf1b5.jpg\",\"width\":720,\"height\":339,\"caption\":\"RBZ Reviews Projected Domestic Economic Growth Down In Mid-Term Monetary Policy Statement\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/rbz-reviews-projected-domestic-economic-growth-down-in-mid-term-monetary-policy-statement#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.africa-press.cc\/zimbabwe\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"RBZ Reviews Projected Domestic Economic Growth Down In Mid-Term Monetary Policy Statement\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/#website\",\"url\":\"https:\/\/www.africa-press.net\/zimbabwe\/\",\"name\":\"zimbabwe\",\"description\":\"\u0623\u062e\u0628\u0627\u0631 \u064a\u0648\u0645\u064a\u0629 \u0639\u0644\u0649 \u0645\u062f\u0627\u0631 \u0627\u0644\u0633\u0627\u0639\u0629\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.africa-press.net\/zimbabwe\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/#\/schema\/person\/2e02b5816e71b1149d79877f669a85e4\",\"name\":\"cfeditoren\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"RBZ Reviews Projected Domestic Economic Growth Down In Mid-Term Monetary Policy Statement - zimbabwe","description":"The Governor of the Reserve Bank of Zimbabwe (RBZ) John Panonetsa Mangudya Thursday reviewed down the projected domestic ...","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/rbz-reviews-projected-domestic-economic-growth-down-in-mid-term-monetary-policy-statement","og_locale":"en_US","og_type":"article","og_title":"RBZ Reviews Projected Domestic Economic Growth Down In Mid-Term Monetary Policy Statement","og_description":"The Governor of the Reserve Bank of Zimbabwe (RBZ) John Panonetsa Mangudya Thursday reviewed down the projected domestic ...","og_url":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/rbz-reviews-projected-domestic-economic-growth-down-in-mid-term-monetary-policy-statement","og_site_name":"zimbabwe","article_published_time":"2022-08-12T17:00:57+00:00","article_modified_time":"2022-08-12T19:08:45+00:00","og_image":[{"width":720,"height":339,"url":"https:\/\/static.africa-press.net\/zimbabwe\/sites\/14\/2022\/08\/postQueueImg_7-62f6a51edf1b5.jpg","type":"image\/jpeg"}],"author":"cfeditoren","twitter_card":"summary_large_image","twitter_misc":{"Written by":"cfeditoren","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/rbz-reviews-projected-domestic-economic-growth-down-in-mid-term-monetary-policy-statement","url":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/rbz-reviews-projected-domestic-economic-growth-down-in-mid-term-monetary-policy-statement","name":"RBZ Reviews Projected Domestic Economic Growth Down In Mid-Term Monetary Policy Statement - zimbabwe","isPartOf":{"@id":"https:\/\/www.africa-press.net\/zimbabwe\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/rbz-reviews-projected-domestic-economic-growth-down-in-mid-term-monetary-policy-statement#primaryimage"},"image":{"@id":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/rbz-reviews-projected-domestic-economic-growth-down-in-mid-term-monetary-policy-statement#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/zimbabwe\/sites\/14\/2022\/08\/postQueueImg_7-62f6a51edf1b5.jpg","datePublished":"2022-08-12T17:00:57+00:00","dateModified":"2022-08-12T19:08:45+00:00","author":{"@id":"https:\/\/www.africa-press.net\/zimbabwe\/#\/schema\/person\/2e02b5816e71b1149d79877f669a85e4"},"description":"The Governor of the Reserve Bank of Zimbabwe (RBZ) John Panonetsa Mangudya Thursday reviewed down the projected domestic ...","breadcrumb":{"@id":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/rbz-reviews-projected-domestic-economic-growth-down-in-mid-term-monetary-policy-statement#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.africa-press.net\/zimbabwe\/all-news\/rbz-reviews-projected-domestic-economic-growth-down-in-mid-term-monetary-policy-statement"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/rbz-reviews-projected-domestic-economic-growth-down-in-mid-term-monetary-policy-statement#primaryimage","url":"https:\/\/static.africa-press.net\/zimbabwe\/sites\/14\/2022\/08\/postQueueImg_7-62f6a51edf1b5.jpg","contentUrl":"https:\/\/static.africa-press.net\/zimbabwe\/sites\/14\/2022\/08\/postQueueImg_7-62f6a51edf1b5.jpg","width":720,"height":339,"caption":"RBZ Reviews Projected Domestic Economic Growth Down In Mid-Term Monetary Policy Statement"},{"@type":"BreadcrumbList","@id":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/rbz-reviews-projected-domestic-economic-growth-down-in-mid-term-monetary-policy-statement#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.africa-press.cc\/zimbabwe\/"},{"@type":"ListItem","position":2,"name":"RBZ Reviews Projected Domestic Economic Growth Down In Mid-Term Monetary Policy Statement"}]},{"@type":"WebSite","@id":"https:\/\/www.africa-press.net\/zimbabwe\/#website","url":"https:\/\/www.africa-press.net\/zimbabwe\/","name":"zimbabwe","description":"\u0623\u062e\u0628\u0627\u0631 \u064a\u0648\u0645\u064a\u0629 \u0639\u0644\u0649 \u0645\u062f\u0627\u0631 \u0627\u0644\u0633\u0627\u0639\u0629","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.africa-press.net\/zimbabwe\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.africa-press.net\/zimbabwe\/#\/schema\/person\/2e02b5816e71b1149d79877f669a85e4","name":"cfeditoren"}]}},"_links":{"self":[{"href":"https:\/\/www.africa-press.cc\/zimbabwe\/wp-json\/wp\/v2\/posts\/64312","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.africa-press.cc\/zimbabwe\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.africa-press.cc\/zimbabwe\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.africa-press.cc\/zimbabwe\/wp-json\/wp\/v2\/users\/84"}],"replies":[{"embeddable":true,"href":"https:\/\/www.africa-press.cc\/zimbabwe\/wp-json\/wp\/v2\/comments?post=64312"}],"version-history":[{"count":0,"href":"https:\/\/www.africa-press.cc\/zimbabwe\/wp-json\/wp\/v2\/posts\/64312\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.africa-press.cc\/zimbabwe\/wp-json\/wp\/v2\/media\/64311"}],"wp:attachment":[{"href":"https:\/\/www.africa-press.cc\/zimbabwe\/wp-json\/wp\/v2\/media?parent=64312"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.africa-press.cc\/zimbabwe\/wp-json\/wp\/v2\/categories?post=64312"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.africa-press.cc\/zimbabwe\/wp-json\/wp\/v2\/tags?post=64312"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}